Your email has been sent.
Roadside Retail Passfield Way 12,943 sq ft 69% Let Retail Property Peterlee SR8 1PX £4,250,000 (£328.36/sq ft) 6.10% Net Initial Yield
Executive Summary
Property Highlights
• Roadside Investment opportunity recently completed.
• Let to Sainsburys, Greggs & Domino’s amongst others.
• Blend of open market and CPI reviews.
• 12,943 sq ft of accommodation plus electric charging points.
• Annual rent of £265,380 with genuine reversion.
• Asset Management opportunities to further improve income & Value.
• WAULT to expiry of 13.3 years & 12.3 to break.
We have been instructed to seek £4.25m, which will show a net initial yield of 6.1% (2.3% costs) on the basis of an SPV sale or 5.86% after standard purchase costs of 6.54%.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Arranged over ground floor only. The unit comprise 1,250 SF.
Unit 5 offers a newly constructed ground-floor retail space within a prominent roadside neighbourhood parade just 200m from the A19. Surrounded by strong anchor tenants and a large residential catchment, the unit provides excellent visibility, modern infrastructure and convenient parking, making it suitable for a range of retail and service operators.
Unit 5 offers a newly constructed ground-floor retail space within a prominent roadside neighbourhood parade just 200m from the A19. Surrounded by strong anchor tenants and a large residential catchment, the unit provides excellent visibility, modern infrastructure and convenient parking, making it suitable for a range of retail and service operators.
| Space | Size | Space Use | Position | Available |
| 6 | 1,250 sq ft | Retail | In-Line | Now |
| UNIT 5 | 1,250 sq ft | Retail | In-Line | Now |
| Unit 6 | 1,500 sq ft | Retail | In-Line | Now |
6
| Size |
| 1,250 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
UNIT 5
| Size |
| 1,250 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Unit 6
| Size |
| 1,500 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
6
| Size | 1,250 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Arranged over ground floor only. The unit comprise 1,250 SF.
UNIT 5
| Size | 1,250 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Unit 5 offers a newly constructed ground-floor retail space within a prominent roadside neighbourhood parade just 200m from the A19. Surrounded by strong anchor tenants and a large residential catchment, the unit provides excellent visibility, modern infrastructure and convenient parking, making it suitable for a range of retail and service operators.
Unit 6
| Size | 1,500 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Unit 5 offers a newly constructed ground-floor retail space within a prominent roadside neighbourhood parade just 200m from the A19. Surrounded by strong anchor tenants and a large residential catchment, the unit provides excellent visibility, modern infrastructure and convenient parking, making it suitable for a range of retail and service operators.
Nearby Major Retailers
Presented by
Roadside Retail | Passfield Way
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.