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Stockton, 4 – 8 Norton Road

Rent: £15,500 - £15,500

Region: Teesside

Town/City: Stockton on Tees


SITUATION
The property is located on the fringe of Stockton town centre approximately 150m from the High Street and Wellington Square Shopping Centre. The unit makes up the ground floor of the building with residential accommodation on the upper floors.

 

ACCOMMODATION
Arranged over ground floor only with rear stores/kitchen and customer/staff WC facilities.

Gross Frontage 12.47m 40’11“
Built Depth 9.22m 30’3”
Internal Width 10.97m 36’0”
Ground Floor Sales 98m² 1,054ft²
Rear Stores/Staff Kitchen 22m² 234ft²
Customer WC’s 15m2 162ft2

LEASE TERMS
The premises are occupied by way of an existing effective FRI lease expiring 27th February 2027 at a passing rental of £15,500 per annum exclusive. Please note the upper floors are sublet by way of a 30-year term from 9th December 1993 at an annual rental of £3,000.
Sub Leases and Short-Term Deals will be considered subject to negotiation.

 

EPC
The property has an Energy Performance Certificate of Band C (65). A copy of the EPC is available upon request.

 

BUSINESS RATES

Rateable Value £10,250
2020/2021 UBR £0.499
Estimated Rates Payable £5,115

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.

VIEWING
For enquiries, viewing, and general information, please contact:
Jonathan Chapman
E: jonathan@atretail.co.uk
T: 0191 280 4237
M: 07949 938210

Property type: Retail

Rateable value: £10250

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