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 and the towns’ indoor Market.

The unit lies on the outside of the Centre, fronting the recently refurbished High Street close to Boots.

Accommodation

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

Demise Sq. ft. Sq. m.
Ground Floor Sales 987 91.7
Storage 1,122 104.2

Rent

We are seeking rental offers in the order of £30,000 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 £15,750.

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 £9,820.

EPC

C

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.