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Middlesbrough, 62 – 66 Linthorpe Road

Rent: £Price on Application

Region: Teesside

Town/City: Middlesbrough


LOCATION
The property is situated in a 100% prime location on pedestrianised Linthorpe Road, benefiting from an attractive corner position at the cross road with Corporation Road and Newport Road. Surrounding occupiers on the pedestrianised junction include Debenhams, House of Fraser and Flannels / Sports Direct.  The property is also in close proximity to The
Cleveland Shopping Centre and the Hill Street Shopping Centre, two of the anchor schemes in the town centre. Other nearby operators include Foot Asylum, Caffé Nero, Goldsmiths and Deichman.

 

ACCOMMODATION
The property is based over ground floor, first, second and third floor with good rear loading via a service yard. The unit provides the below accommodation:

Ground Floor NIA 146.51 sq m 1,577 sq ft
First Floor NIA 119.47 sq m 1,286 sq ft
Second Floor NIA 100.15 sq m 1,078 sq ft
Third Floor NIA 38.55 sq m 415 sq ft

LEASE TERMS
The premises are available an assignment of the existing 35 Year eFRI lease from 23 August 2005.  The passing rent at the property £174,000 per annum.  The property is however available on a sub lease basis at a lower rent.

 

RENT
For further information on the rent please contact the retained agents.

 

RATING ASSESSMENT
@retail are verbally advised by Middlesbrough Council that the rateable value for the property is as below.

Rateable Value £73,500
Rates Payable 2019/20 £58,259.15

Interested parties should confirm the current position with the Local Authority.

 

LEGAL COSTS
Each party to be responsible for their own legal costs incurred in connection with any transaction.

 

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

 

ENERGY PERFORMANCE CERTIFICATE
The property has an Energy Performance is available for inspection if required.

 

VIEWING
Strictly by appointment with retained agents @retail:
Ian Angus
@retail
0191 280 4235
iana@atretail.co.uk

Property type: Retail

Rateable value: £73,500

Planning use: A1

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