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47 , Linthorpe Road, Middlesbrough
Middlesbrough is situated approximately 40 miles south of Newcastle, and forms the central hub of the Teesside conurbation.
The subject property occupies a prime location on pedestrianised Linthorpe Road, directly opposite the Cleveland Shopping Centre.
Nearby retailers include House of Fraser, Beaverbrooks, Phones 4U, River Island and BHS
The premises comprise the following approximate net internal floor areas:-
|Demise||Sq. ft.||Sq. m.|
The premises are arranged over two floors and comprise the following approximate net internal floor areas:-
We are seeking rental offers in the order of £67,500 per annum exclusive, subject to the overall terms of the lease.
The Landlord would consider an extended rent free package subject to covenant and user.
Subject to securing formal vacant possession, the unit is offered on a new 10 year fully repairing and insuring lease, subject to an upwards only rent review at the end of year 5.
We understand that the unit is assessed under the 2010 revaluation at £94,500. From 1 April 2012 the Rates Payable will be £43,281 per annum.
We strongly advise that interested parties should satisfy themselves to the rateable value and business rates payable by making their own enquiries with the Rates Department at Middlesbrough Council 01642 245 432
Each party to be responsible for their own legal and professional costs incurred in this transaction.
Unless otherwise stated, all prices/rents are quoted exclusive of VAT.
Subject to Vacant Possession