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41 Dundas Street Middlesbrough, TS1 1HR
Use Class
E
Size
1,922 sq ft
Rent pa
£17,000
Market Sector
Retail & Shopping Park
Description
Fringe Prime town centre retail unit
The property comprises a self contained retail unit with ground floor retail sales area, rear store with rear service access to Dundas Mews and first floor ancillary accommodation with male and female WCs.
Location
Middlesbrough is the largest commercial centre between Leeds and Newcastle and is the dominant retail location within the Tees Valley, serving a catchment of 640,000. There are approximately 880,000 people within half an hour drive-time and 2.7 million within a 1 hour drive-time.
Middlesbrough had the second highest GVA growth rate in the consumer sector of any UK city in 2017. The town centre is currently undergoing a major transformation, with an investment strategy of £700m being implemented by Middlesbrough Council over the next 5 years. Projects which will have a beneficial impact on Dundas Shopping Centre as a location are as follows:
• Middlesbrough Railway Station Redevelopment with direct trains to London.
• BoHo Zone (expansion of the digital and creative office hub)
• Albert North regeneration on Albert Road
• Centre Square Office Scheme
• New and expanding residential community at Middlehaven
• Northern School of Art
The council has successfully bid for significant funding through the governments Town Fund and Future High Streets Fund and they are looking to carry out a number of projects in the town centre, which include a £35 million transformation of Middlesbrough Railway Station and Captain Cook Square which will become a leisure destination with around 300,000 sq. ft of space repurposed to create the largest cultural and leisure hub within a 50 mile radius Middlesbrough Town Centre has recently been announced as a new “investment Zone” under the Mayoral Development Corporation with the aim of turbo charging regeneration
Dundas Shopping Centre is one of the 4 primary shopping centres in Middlesbrough town centre and forms an important part of the shopper circulation around the 4 quadrants of the town’s retail core. The centre is home to a variety of local independent retailers. The centre incorporates the vibrant Dundas Market and the Live Well Centre in Dundas House.
The centre has the benefit of a 187 space basement car park, accessed from Wilson Street. The centre has an average weekly footfall of 70,000.
Nearby occupiers include Next, Clinkards and Games Workshop.
Disclamier
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.
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