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Middlesbrough, 58 Linthorpe Road

Rent: £50,000 - £50,000

Sale price: £450,000

Region: Teesside

Town/City: Middlesbrough


LOCATION
The property is situated in a 100% prime location on pedestrianised Linthorpe Road opposite the principal entrance to the Hill Street Shopping Centre and adjacent to Next and Market Cross Jewellers. Other retailers in the vicinity include Debenhams, House of Fraser, Sports Direct, Miss Selfridge, Café Nero, Goldsmiths and Clintons as indicated on the attached Goad extract.

 

ACCOMMODATION
The accommodation is arranged on ground, basement and two upper floors and offers the following approximate floor areas and dimensions:-

Gross Frontage 30 ft 2“ 9.2 m
Internal Width 27 ft 8” 8.4 m
Ground Floor Sales 2337 sq ft 217.1 sq m
Basement Store 2,922 sq ft 271.5 sq m
First Floor Sales/Store 1,768 sq ft 164.3 sq m
Second Floor Store 339 sq ft 31.5 sq m

LEASE TERMS
The unit is available by way of a new full repairingand insuring lease for a term of years to be agreedat an initial rent of £50,000 per annum exclusive.

 

FREEHOLD SALE
The Freehold interest with Vacant Possession is available and offers are sought in the region of £450,000 excl

 

BUSINESS RATES
We are verbally advised the Local Rating Authority that the premises are assessed as follows:-

Rateable Value £56,000
Rates Payable April 2019/2020 £45,297

Interested parties are advised to make their own enquiries of the Local Authority for verification of the above.

 

ENERGY PERFORMANCE CERTIFICATE
An Energy Performance Certificate (EPC) is available upon request at this office.

 

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

 

VAT
All figures quoted in these terms are exclusive of any VAT that may be payable.

 

VIEWING/FURTHER INFORMATION
Strictly through appointment with @retail:
Ian Angus
DD: 0191 280 4235
Mob: 07960 466211
Email: iana@atretail.co.uk
Or
Pete Townsend
DD:0191 2804239
Mob 07713 151970

Property type: Retail

Rateable value: £56,000

Planning use: A1

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