Unit 5 Byron Place Shopping Centre, Seaham, County Durham, SR7

SUBJECT TO VACANT POSSESSION

Location:
Byron Place Shopping Centre is located on the North East coast, South of Sunderland in County Durham. The Centre lies 1.5 miles away from the A19 trunk road and just 10 miles away from the A1 (M) motorway.
Retailers represented in the centre include Asda, Home Bargains, Card Factory, Specsavers, BetFred, Argos, Greggs, Subway and O2.

Demise:
Ground Floor 4000x371.61

Rent:
Upon application.

Tenure:
Subject to vacant possession, the unit is available by way of an effectively full repairing and insuring lease, for a term to be agreed.

Business Rates:
The premises currently has a rateable value of £47,500.

From 1st April 2023, the 2023/24 retail, hospitality and leisure business rates relief scheme will provide occupied retail, hospitality and leisure properties with a 75% relief up to a cash cap limit of £110,000 per business. More detail including rules on eligibility can be found at

Service Charge:
The on-account service charge for the year 2022 stands at approximately £24,779.

EPC:
Energy Performance Asset Rating - C

Legal Costs:
Each party to be responsible for their own legal and professional costs incurred in this transaction.

VAT:
Unless otherwise stated, all prices/rents are quoted exclusive of VAT.

Date Prepared:
October 2020

Subject to Contract