Interested in this property? Call Richard Barker on +44 (0)113 388 4856 or Phil Coombes on

Location

Stockton on Tees is located approximately 4 miles west of Middlesbrough and 12 miles north east east of Darlington, forming part of the Teesside conurbation. It is estimated that there is a population of 350,000 within a 15 minute drive time (Source; Illumine)

Castlegate Shopping Centre is the principal shopping location in the town accommodating key retailers such as Wilko, B&M, Iceland, Peacocks, Home Bargains, Bon Marche and the towns’ indoor Market.

Accommodation

The premises comprise the following approximate net internal floor areas:-

Demise Sq. ft. Sq. m.
Ground Floor Sales 1,337 124.2
Ancillary 125 11.6

Rent

We are seeking rental offers in the order of £40,000 per annum.

Tenure

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.

Business Rates

The unit has a 2017 rateable value assessment of £19,000.

For further details visit Gov.uk or contact the business rates department in the local authority.

Service Charge

The on-account service charge for the year 2018 stands at approximately £6,511.

EPC

D

Legal Costs

Each party to be responsible for their own legal and professional costs incurred in this transaction.

VAT

Unless otherwise stated, all prices/rents are quoted exclusive of VAT.