Rent: £50,000 - £50,000
Sale price: £450,000
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.
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|
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.
The Freehold interest with Vacant Possession is available and offers are sought in the region of £450,000 excl
We are verbally advised the Local Rating Authority that the premises are assessed as follows:-
|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.
Each party to bear their respective legal costs incurred in connection with the transaction.
All figures quoted in these terms are exclusive of any VAT that may be payable.
Strictly through appointment with @retail:
DD: 0191 280 4235
Mob: 07960 466211
Mob 07713 151970
Property type: Retail
Rateable value: £56,000
Planning use: A1
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