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Unit 12 Newton Mall Cleveland Centre, Middlesbrough, TS1 2LS
Use Class
E
Size
684 sq ft
Rent pa
£10,000
Description
Prime shop/catering unit to let on new lease with potential mall seating
Providing c. 400,000 sq.ft of retailing, The Cleveland Centre is Middlesbrough's largest shopping centre and benefits from a dedicated 600 space car park.
Major tenants include Boots, JD Sports, New Look and WH Smith. The diverse tenant mix includes quality national retailers such as Lush, Vision Express and Holland & Barrett.
The subject property occupies a good location between Costa Coffee and Linthorpe Road, close to Poundland, Teesside Pharmacy and HMV.
Accommodation
684 Sq.Ft
The premises comprise the following approximate dimensions and net floor areas:-
Financial
Lease Type
New Lease
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
£10,000 per annum exclusive of rates and service charge.
Rent Review
Next review date
Service charge
We understand the 2023/24 budget is £7,569.17.
Business Rates
We are advised the property is assessed as follows:- Rateable Value £10,250.00 UBR (2023/2024) 49.9p Estimated Rates Payable (2023/2024) £5,114.75 Estimated Payable with Retail Relief £1,278.68 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.
Sustainability
A copy of the EPC is available on request.
This unit is part of Cleveland 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.
Misrepresentation Notice
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.
All data ©2024 Completely Property Technology Limited
This was last updated on 16/07/2024