• For Sale / To Let
• Commercial
• Retail

Yoden Way

LOCATION

The 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 as shown on the attached Goad Extract. 

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.

ACCOMMODATION

The 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                          48’ 0”    (14.6m)

Internal Width                            45’ 8”    (13.9m)

Ground Floor Sales                    5084 ft² (472.32 m²) net

First Floor Ancillary                      813 ft² (  77.2 m²)

LEASE TERMS

The property is available by way of a new FRI lease for a term to be agreed incorporating a 5 yearly upward only rent reviews.

RENT

Offers over £60,000 per annum.

ASKING PRICE 

Freehold offers invited.

INCENTIVES

Negotiable for a tenant willing to take the property for the longer term without breaks.

RATEABLE VALUE

We understand that the rating assessments on the premises as at 1 April 2005 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                    UBR

Shop & Premises           £47,500.00        48.5 p

Rates Payable April 08/09          £22,135.00

As a new occupier rights of appeal may exist against this assessment.  For further information contact our Rating Department at this office.

LEGAL COSTS

Either party to be responsible for their own legal costs incurred 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

Strictly by appointment only through sole agents Bradley Hall Chartered Surveyors on (0191) 3865291.

AGENTS NOTES

You may search our company website www.bradleyhall.co.uk for details of all our current instructions.

In accordance with the Code of Leasing Business Premises: England and Wales the landlords are willing to consider alternative lease terms to those set out above but please bear in mind that variations may affect the level of rent proposed.

A copy of the Code of Leasing Business Premises: England and Wales can be obtained at www.leasingbusinesspremises.co.uk or obtained from the Royal Institution of Chartered Surveyors, Telephone 0207 334 3806.