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Ingleby Barwick, Unit 6 Sandgate Shopping Centre

Rent: £20,729 - £20,729

Region: Teesside

Town/City: Ingleby Barwick, Stockton on Tees


LOCATION & SITUATION
The subject property is located within Ingleby Barwick, one of the largest private housing developments in Europe with over 10,000 dwellings and with a population in excess of 25,000.  Ingleby Barwick is located on the periphery of Thornaby and is bordering the River Tees, with Stockton town centre is located 3 miles to the north, and Middlesbrough town centre 6 miles to the north east.  The subject forms part of the 12 unit development known as Sandgate Park Shopping Centre that opened in 2017 with a range of occupiers including the Co-op Food Store, Cooplands, Stockton Cycling, and Al Forno Italian restaurant.

 

ACCOMMODATION
Constructed in 2016, the subject unit is a semi detached single story property with rear bin store access and a 50-space surface car park to the front.  Details of the approximate floor areas are as follows:-

Net Frontage 6.50 m 21’ 04”
Shop Depth 12.39 m 40’ 8”
Ground Floor 80.53 m² 866.82 ft²

 

LEASE TERMS
The premises are occupied for a term of 10 years from 24th February 2017 at a current rent of £20,729 per annum subject to a fifth year upward only rent reviews.

 

RATEABLE VALUE
We are verbally advised by the Local Rating Authority that the premises are assessed as follows:-

Rateable Value £20,750
Rates Payable April 2018/19 £9,960

Interested parties are advised to verify the above information with the Local Authority.

 

SERVICE CHARGE
The budget service charge figure for 2018 is circa £1400 exclusive.

 

ENERGY PERFORMANCE CERTIFICATE
An EPC is available upon request.

 

LEGAL COSTS
Each party will bear their respective legal costs incurred in connection with the transaction.

 

VAT
All figures quoted in these terms are exclusive of VAT where chargeable.

 

VIEWING
By prior appointment through @retail:-
Pete Townsend
DD: 0191 280 4239
Mob: 07713 151 970
Email: pete@atretail.co.uk

Property type: Retail

Rateable value: £20,750

Planning use: A1

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