Retail premises for sale in Unit 2, Church Street Retail Park, Murton SR7, £225,000

225,000.00

Offer Nr.:
61044224
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Graham S Hall Chartered Surveyors
Phone(s):
0191 392 0630

* New Purpose - Built Roadside Development to Co - op Specification
* Approximately 92. 90 sq m (1, 000 sq ft)
* Adjacent to Brand New 4, 500 sq ft Co - op Convenience Store
* Located on a Busy Main Road through the Village Leading to Dalton Park Outlet
* Good Pedestrian Links to the New 1 Million sq ft Jade Business Park to the South
* Excellent On - Site Car Parking Including 2no. New Electric Vehicle Charge Points
* Would Suit a Variety of Uses Including: Hot Food, Discount Retail, Leisure
* New efri Lease Available at an Annual Rent of £15, 000 exclusive
**Location**
Murton is located in East Durham just off the A19 north - south trunk road and
lies a few miles from Seaham, Peterlee and
Easington. The Dalton Park Outlet Mall with a variety of trade outlets,
Cineworld multi - screen Cinema, pub diner, drive - thru
and restaurants lie between Murton Village and the A19 to the east.
A vast amount of new housing has been constructed in Murton over the last
decade with planning consent granted for another 1, 500 homes recently. The
former Coke works site to the south is also being redeveloped for Jade
Business Park commercial warehouse and industrial units.
**Situation**
The development is situated in the heart of the Village on Church Street, the
main road, linking Hetton - le - Hole and Easington Lane to the west with the A19
and the port of Seaham to the East.
The site has a prominent main road position at the bottom of Woods Terrace,
the existing neighbourhood retail area, which is semi pedestrianised and has
restricted access and from where the Co - op has relocated.
The Dalton Park Outlet Mall lies within 1 km to the East where there are a
number of factory and trade retail outlets as well
as a Cineworld multi - screen Cinema, Restaurants and pub diner together with a
new Morrisons Food Superstore. Travel
distance to Newcastle (20 miles) to Durham (10 miles) and to Middlesbrough (23
miles).
The new 1 million sq ft Jade Business Park, estimated to create 2, 500 jobs,
also lies within 1000m with easy pedestrian access where phase 1 of 155, 000 sq
ft is already open and trading with Sumitomo Electric Wiring and Corehaus
already in
occupation.
**Description**
Phase 1 comprises 5, 500 sq ft of new retail accommodation in two units of
steel frame construction with brick and cladding panel walls and a cladding
roof covering recently constructed including 4, 500 sq ft Co - op Convenience
Food Store and a second unit of 1, 000 sq ft with 19 car spaces including two
Electric Charge points operated by Instavolt.
**Accommodation**
Ground floor - 92. 90 sq m (1, 000 sq ft)
*Due to eaves height of the property, it would be possible for a tenant to install a mezzanine floor and increase the floor area by c. 500 sq ft
**Terms**
The property is available by way of a new efri lease for a term of years to be
agreed at a rent of £15, 000 pax.
Our client may also consider offers for their freehold interest.
**Rating assessment**
Awaiting assessment from the Local Authority.
**Energy performance**
Awaiting EPC.
**Legal costs**
Each party to be responsible for their own costs incurred in this transaction.
**VAT**
All rents, premiums and purchase prices quoted herein are exclusive of VAT.
All offers are to be made to Graham S Hall upon this basis and where silent,
offers will be deemed net of VAT.
**Anti - money laundering regulations**
In accordance with anti - money laundering regulations, two forms of
identification and confirmation of the source of funding will be required from
the purchaser / tenant.
**Viewing**
For general enquiries and viewings please contact Sole Agents Graham S Hall
Chartered Surveyors.

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