Rent: £16,000 - £16,000
Region: Teesside
Town/City: Middlesbrough
SITUATION
The property sits within Trimdon Avenue Shopping Parade, in Acklam a substantial residential area, approximately 3 miles south west of Middlesbrough town centre. The parade benefits from ample forecourt parking and the opportunity to generate income from the vacant first floor flat/garage.
ACCOMMODATION
An end terraced two storey building comprising a ground floor retail unit with customer/staff WC facilities, private garage to the rear and a 2 bed first floor flat.
Internal Width | 5.30m | 17’4“ |
Built Depth | 11.00m | 36’01” |
Ground Floor Sales | 58m² | 623ft² |
Staff Kitchen/WC | 5m² | 55ft² |
LEASE TERMS
The premises are occupied by way of an existing effective FRI lease expiring 1 st June 2025 at a passing rental of £14,500 per annum exclusive.
Sub Leases and Short-Term Deals will be considered subject to negotiation.
EPC
An Energy Performance Assessment has been arranged and a full copy will be available soon upon request.
BUSINESS RATES
Rateable Value | £10,750 |
2020/2021 UBR | £0.499 |
Estimated Rates Payable | £5,365 |
Given the Rateable Value is below £12,000, the current rates relief for the property equates to 100% discount for most occupiers. Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
SERVICE CHARGE
A service charge is payable to cover the costs of the maintenance and management of the common parts. Further details available upon request.
COSTS
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.
VIEWING
For enquiries, viewing, and general information, please contact:
Jonathan Chapman
E: jonathan@atretail.co.uk
M: 07949 938210
Property type: Retail
Rateable value: £10750
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