Rent: £15,500 - £15,500
Town/City: Stockton on Tees
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.
Arranged over ground floor only with rear stores/kitchen and customer/staff WC facilities.
|Ground Floor Sales||98m²||1,054ft²|
|Rear Stores/Staff Kitchen||22m²||234ft²|
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.
The property has an Energy Performance Certificate of Band C (65). A copy of the EPC is available upon request.
|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.
For enquiries, viewing, and general information, please contact:
T: 0191 280 4237
M: 07949 938210
Property type: Retail
Rateable value: £10250
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