Rent: £40,000 - £40,000
Region: North Yorkshire
SITUATION AND DESCRIPTION
Yarm is an affluent Georgian Market Town situated on the edge of North Yorkshire and the Middlesbrough/Stockton and Darlington region collectively referred to as Teesside. The town’s resident population of 9,750 is increased substantially by its wealthy rural catchment. The town in situated on the River Tees approximately 4 miles south of Stockton, 7 miles South West of Middlesbrough and 8 miles east of Darlington with easy access to the A66 and A1(M) and the A19 linking Newcastle with Teesside and York. Teesside Airport is close by and access to the East Coast Mainline Rail Network is at Darlington.
Yarm is the aspirational location in which to live in the region not only because of its attractive environment, proximity to employment opportunities on Teesside, access to the North Yorkshire countryside but also due to Yarm School, the largest and most successful independent school in the region which is a huge influence and a key driver of wealthy consumers to Yarm High Street. Yarm is one of the most successful High Street’s in the North of England with its attractive Georgian architecture, wide streetscape (with on site car parking adjoining the
shops) and its attractive array of strong national and regional multiple retailers together with an exciting range of quality local independents. There is also a exciting range of eating and drinking establishments present on the High St which all combine to create a lively and attractive destination for shoppers.
Waterstones, Fat Face, Caffe Nero, Bang & Olufsen, Vision Express, J Sainsbury all have a presence and there is a substantial array of quality independent fashion, hair and beauty, jewellers, furniture and kitchen retailers too.
The demise sits within an imposing Grade II Listed, Georgian period property and provides sales and ancillary accommodation at ground floor level. The shop benefits from a relatively new
timber shop front with large display window and access set off to one side. Free Car parking for the first hour is available on the attractive wide cobbled street to the front of the store. The shop is currently fitted for travel agency purposes with separate sales, foreign exchange and ancillary staff and stock areas but it is envisaged that the partitions will be removed to produce an open plan space with separate wc accommodation to the rear. The premises provide the following areas and dimensions:
|NET DISPLAY FRONTAGE||4.50 M||14’ 09”|
|NET INTERNAL WIDTH||5.50 M||18’ 00”|
|SHOP DEPTH||19.34 M||63’ 05”|
|GROUND FLOOR NET INTERNAL AREA||103.75 M²||1,117 SQ FT|
The premises are available on a new lease for a term to be agreed incorporating upward only rent reviews every 5 years. The lease will be effectively full repairing and insuring via a
service charge mechanism.
£40,000 plus VAT
We are informed via the VOA website that the Rateable Value is assessed as follows:-
Interested parties should make their own enquiries regarding rates payable with Stockton Borough Council – 01642 397108
The property is Listed and so does not require an Energy Performance Rating.
Strictly by arrangement with sole agent
BOB FLETCHER Tel: 07733 529 228
PETE TOWNSEND Tel: 07713 151 970
Property type: Retail
Rateable value: £36,250
Planning use: A1
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