INCOME PRODUCING POTENTIAL DEVELOPMENT/REFURBISHMENT OPPORTUNITY - PETERLEE
Peterlee is located within County Durham in the North East of England. The town is situated approximately 20 miles south east of Newcastle upon Tyne, 10 miles east of Durham and 10 miles south of Sunderland.
Peterlee is strategically located within easy access to the A19, which is one of the region's major road networks connecting Newcastle in the north and York to the south. Peterlee benefits from a population of approximately 20,000 (Census 2011) making it one of the region's largest towns.
Ridgemount House is located opposite the Peterlee Interchange to north end of Castle Dene Shopping Centre. The centre provides approximately 300,000 sq ft of retail accommodation anchored by a large ASDA superstore which provides around 1,100 free parking spaces. Established retailers within the scheme include Iceland, B & M Bargains and Costa.
OTHER OCCUPIERS IN CASTELL DENE SHOPPING CENTRE INCLUDE:
Argos, Greggs, Superdrug, Card Factory, Hays Travel, Poundland, Wilko, Dicksons, EE, Lloyds Bank, Select and Tui.
Ridgemount House occupies a prominent position on Burnhope Way which is one of the town's main arterial routes.
The building consists of a 5 storey detached office building with brick external elevations under a flat roof. Access is via a common ground floor reception area which faces the bus interchange.