SITUATION
Peterlee is the retail and services core of the District of Easington. The town benefits from excellent road communications and public transport links with the A19 trunk road situated approximately half a mile to the east which provides direct access to Teesside, Sunderland, Durham and Newcastle. It is also situated right next to amenities. Castle Dene Shopping Centre incorporates 1,131 free car parking spaces and benefits from an approximate average weekly footfall of 210,000 persons per week.
DESCRIPTION
The unit provides a retail shop floor with additional storage and WC facilities. The unit has a total net internal area of 58.16 m² (626 sq ft), with ITZA being 40.87 m² (439 sq ft). The unit has the benefit of being in the busy undercover area of the Castle Dene Shopping Centre with neighboring occupiers such as the Yorkshire Bank, Card Factory, Halifax, NatWest and EE. The unit also benefits from: Air conditioning, a CCTV system, alarm system, tiled flooring and having 600 x 600 drop in grid suspended ceiling. Other benefits include excellent window display and a license for lottery and Pay Point.
ACCOMMODATION
Total net internal area of 58.16 m² (626 ft2)
ITZA 40.87 m² (439 ft2)
TERMS
Available to let by way of assignment at the passing rent of £20,000 per annum. The lease is an effective full repairing and insuring lease from 21.01.2011 for a term of 20 years.
RATING ASSESSMENT
Description RV Estimated Rates Payable
Shop and premises £16,250 £7,572.50
We are advised that the rateable value of the premises as at 1 April 2017 is £16,250 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.6p in the pound. However, interested parties should confirm the current position with the Local Authority.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.