Retail Property (high street) to rent15-16 Yoden Way
- Central Position within Town Centre
- Surrounding Occupiers Include; Subway, Thomas Cook and B&M Bargains
- New FRI Lease
- Ground Floor Sales - 472.32 m2 (5,084 f2), First Floor Ancillary - 77.2 m2 (813 ft2)
- Rental £25,000 pax
- Freehold Offers Invited
LOCATIONThe property is situated in a central position on the pedestrianised Yoden Way, one of the main entrance ways into the Peterlee Shopping Centre from the ring road and main bus station.Adjoining occupiers include Thomas Cook, Peacocks, New Look, Heron Frozen Foods, B & M and Home Bargains.The Town Centre Bus Station is situated immediately to the rear of the premises, with multi storey car park facilities serving the shopping centre in close proximity.DESCRIPTIONThe property comprises ground floor retail sales together with wc facilities and is accessed via a street level entrance to the front.ACCOMMODATIONThe accommodation comprises a large ground floor sales area with rear storage, accessed from two rear service doors and enclosed rear service yard with first floor office storage and canteen and separate ladies WCs at first floor. There is a gents WC at ground floor.In brief the accommodation comprises:Gross Frontage 14.6mInternal Width 13.9mGround Floor Sales 472.32 m2 (5,084 f2) First Floor Ancillary 77.2 m2 (813 ft2)LEASE TERMSThe property is available by way of a new FRI lease for a term to be agreed incorporating a 5 yearly upward only rent reviews at an annual rent of £25,000.ASKING PRICEOffers invited for the benefit of our clients freehold interest.RATING ASSESSMENTWe understand that the rating assessments on the premises as at 1 April 2010 is as follows, although we would advise that some of the assessments may have been the subject of appeals and any interested party should confirm the current position with the Local Authority.Description RV UBRShops & Premises £55,500 0.493As a new occupier rights of appeal may exist against this assessment.ENERGY PERFORMANCEThe property has an EPC rating of 100 within band D.LEGAL COSTSEach party is to bear their own legal costs involved in the transaction.VATAll 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.
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