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NEWTON AYCLIFFE
10/14 Beveridge Way, County Durham, DL5 4DP
Retail Unit TO LET (12 MONTHS RENT FREE)
569.95 Sq m (6,135 Sq ft)
Location
The unit is situated in a busy pedestrianised thoroughfare in Newton Aycliffe town centre in close proximity to Boots, Bon Marche, Mackays, Peacocks and Superdrug amongst others.
Newton Aycliffe is 6 miles north of Darlington, 14 miles south of Durham and some 2 miles to the north of Junction 59 of the A1(M).
Description
The unit comprises premises arranged over ground and first floor with the benefit of rear servicing.
Planning
The unit benefits from Class A1 planning permission.
Rating
We are verbally advised the 2010 Rateable Value for the unit is £41,750, the UBR for 2010/2011 being 41.4p.
Interested parties are advised to make their own enquiries to the Local Authority for verification purposes.
VAT
All figures quoted are exclusive of Value Added Tax which will be charged at the prevailing rate.
Accommodation
The unit comprises the following approximate floor areas:
| Sq m | Sq ft | |
|---|---|---|
| Ground Floor | 338.44 | 3,643 |
| First Floor Storage | 231.51 | 2,492 |
| Total Accommodation | 569.95 | 6,135 |
Note: The above areas have been calculated on an approximate net internal basis and must be verified by the ingoing tenant.
Lease
The premises are held by way of a full repairing and insuring lease for a term expiring June 2020 subject to 5 yearly upward only rent reviews, at a current passing rental of £52,871 per annum exclusive.
Terms
Our clients are seeking to dispose of their leasehold interest either by way of assignment or new sub-lease.
An incentive equivalent to 12 months rent free is available subject to covenant status and length of lease, to be given as a reduced rent over the first two years of the term.
Viewing
Strictly by appointment through joint agents.
Contact
