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Stockton, Adj. to Mile House Hotel

Rent: £6,000 - £6,000

Region: Teesside

Town/City: Stockton on Tees


SITUATION
The property sits prominently adjacent to the crossroads of Darlington Lane and the A177 Durham Road, in Roseworth a suburb of Stockton on Tees. The surrounding area is made up of largely residential accommodation.

 

ACCOMMODATION
Arranged over ground floor only with customer WC facilities and staff kitchen/WC facilities at the rear. Ample car parking located to the front of the premises.

Internal Width 13.55m 44’5“
Shop Depth 3.90m 12’9”
Ground Floor Sales 53m² 569ft²
Staff WC/Kitchen 5m² 55ft²

LEASE TERMS
The premises are occupied by way of an existing effective FRI lease expiring 9th June 2024 at a passing rental of £6,000 per annum exclusive.
Sub Leases and Short-Term Deals will be considered subject to negotiation.

 

EPC
An Energy Performance Assessment has been arranged and a full copy will soon be available upon request.

 

BUSINESS RATES

Rateable Value £10,500
2020/2021 UBR £0.499
Estimated Rates Payable £5,240

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.

 

COSTS
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

 

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

Property type: Retail

Rateable value: £10500

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