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Retail Units & Shops

North Yorkshire

Middlesbrough

property

To Let

This property is part of an unsponsored shopping centres scheme and therefore has limited information. To find out the benefits on scheme sponsorship click here.

16 Centre Mall Cleveland Centre, Middlesbrough, TS1 2LS

Use Class

Size

330 sq ft

Rent pa

£7,500

Market Sector

Shopping Centre

Description

Providing c. 400,000 sq.ft of retailing, The Cleveland Centre is Middlesbroughs largest shopping centre and benefits from a dedicated 600 space car park.

Major tenants include Boots, HMV, JD Sports, New Look, Footlocker, Costa, and WH Smith.

The subject property occupies a central position on Wesley Mall adjacent to Lush and opposite Boots, Perfume Shop, Vision Express and Vodafone.

Location

Middlesbrough is a major North East conurbation situated 39 miles south of Newcastle and 10 miles east of Darlington. It is the principal shopping centre of Teesside (2011 Census Population in excess of 376,000).

Key Information

Viewing

THE STAFF ARE UNAWARE OF THE IMPENDING DISPOSAL and for further details or viewing arrangements please contact Brassington Rowan: Jason Oddy D: 0113 383 3759 E: jason.oddy@brassrow.co.uk John Birtwistle D: 0113 383 3758 E: john.birtwistle@brassrow.co.uk or our joint agents Praxis:- Chris Hovington M: 07770 935529

Accommodation

330 Sq.Ft

Dimensions

Feet

Metres

Internal Width

17.65

5.38

Shop Depth

19.16

5.84

Areas

Sq.Ft

Sq.M

Ground Floor Sales

330

30.65

Downloads

Brochure

Unit 16 Centre Mall, Cleveland Centre, Brochure

Financial

Lease Term

The premises are offered on a new effective FRI lease for a term to be agreed, subject to upward only rent reviews every 5 years.

Rent

Subject to contract, rental offers are invited in the region of £7500 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Service Charge

We understand the 2023/2024 budget is £5,095.34.

Vat

Unless otherwise stated all prices and rents are quoted exclusive of VAT. Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

Business Rates

We are advised the property is assessed as follows:- Rateable Value (April 2023) 6,900.00 UBR (2023/2024) 49.9p Estimated Rates Payable (2023/2024) 3,443.10 Estimated Payable with Retail Relief 860.77 For further details visit www.voa.gov.uk or contact the local Rating Authority. The Rates Payable may be subject to small business and/or other reliefs.

Rates

Rateable Year:

2023

Rateable Value:

£6,900.00

Rates payable:

£3,443.00

UBR:

49.9p/£

Sustainability

A copy of the EPC is available on request.

This Property is Part of a Shopping Centre

Cleveland Centre

Cleveland Centre is Middlesbrough's largest shopping centre and comprises 400,000 sq ft (37,161 sq m) of retail space, predominantly arranged at ground floor.

Brassington Rowan

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.