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11 Centre Mall Cleveland Centre, Middlesbrough, TS1 2LS
Use Class
E
Size
3,616 sq ft
Rent pa
£22,500
Description
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, HMV, JD Sports, New Look, Iceland, Costa and WH Smith.
The subject property occupies a prominent position on Centre Mall adjacent to One Below, opposite H Samuel and close to WH Smith and Footlocker.
Accommodation
3,616 Sq.Ft
We are advised the premises comprise the following approximate 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
£22,500 per annum exclusive of rates and service charge.
Rates
The Rates Payable may be subject to other retail relief. Interested parties are advised to make their own enquiries to the Local Authority.
Service Charge
The Service Charge for the Year 2023/2024 is £18,276.77.
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) £24,750.00 UBR (2023/2024) 49.9p Estimated Rates Payable (2023/2024) £12,350.25 Estimated Payable with Retail Relief £3,087.56 For further details visit www.voa.gov.uk or contact the local Rating Authority. The Rates Payable may be subject to other retail relief.
Rates
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