North West Industrial Estate, SR8

Location

The subject property is located on Mill Hill, North West Industrial Estate, Peterlee. It is located at the main entrance to the estate, offering high levels of passing traffic and visibility. Access to the A19 is circa 100m away, providing excellent communication links both North and South. Overall the Estate offers a selection of mixed use operators including manufacturing, office, motor, retail and trade counter. Local amenities and services are provided close by within Peterlee Town Centre. The exact location is shown on the attached plan.

Description

The premises are of steel framed construction with block / brick infill walls with profile metal sheeting to elevations and roof above. Internally the unit offers a large factory shop / showroom with office accommodation / stores, including ancillary warehouse and loading bay. Single storey offices are positioned to the front of the property including reception / staff room and WC facilities. The accommodation is fitted to a good standard. Externally there is a large car park area and secure yard. Located on the site are three other tenants, including a tile trade operator, along with a dry cleaners and Optical distributer.

Accommodation

From onsite measurements, it is understood that the unit has the following gia:

Factory Shop /

Showroom 1,487.34 m2

Offices 419.69 m2

Loading bay 249.79 m2

total (gia) 2,156.82 M2 (23,216 sq ft)

Services

We understand that mains services are available including electric, water, gas and drainage. All parties should make their own investigations.

Service charge

A nominal service charge will be payable for the maintenance and upkeep of common areas.

Business rates

From discussions with the Local Rating Authority we understand that the accommodation will need to be reassessed upon occupation. All interested parties should make their own investigations as to the rating liability.

Tenure

Leasehold. The unit is available to let by way of a new Full Repairing and Insuring lease for a term of years to be agreed.

Rent

Our client is seeking a rent in the region of £3.50 per sq ft. Incentives may be offered, subject to covenant and term.

Energy performance certificate

Full details upon request.

Legal costs

The tenant will be responsible for any legal / professional fees together with any VAT thereon incurred in the preparation of the lease.

VAT

All figures are quoted exclusive of VAT but will be liable to VAT.

Viewing

Strictly by prior arrangement only - further information available from Frew Pain & Partners:

James E F Pain

Tel: Email:

Or joint agents

Connect Property North East Ltd

Jonathan Simpson

Tel: Email:

March 2019