This property is part of a shopping centres scheme that is not sponsored and therefore has limited information. To find out the benefits of Scheme Sponsorship click here.

11 Centre Mall Cleveland Centre, Middlesbrough, TS1 2LS

£ 22,500 pa / 3,616 sq ft
11 Centre Mall, Cleveland Centre, Middlesbrough - Picture 2024-03-06-11-13-39
Use Class

Use Class

E

Size

Size

3,616 sq ft

Rent pa

Rent pa

£22,500

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.

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).

Accommodation

3,616 Sq.Ft

We are advised the premises comprise the following approximate net floor areas:

Areas
Sq.Ft
Sq.M
Ground Floor Sales
2,332
216
First Floor Ancillary
1,284
119

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.

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

Rateable Year:
2024
Rateable Value:
£24,750.00
Rates payable:
£12,350.00
UBR:
49.9p/£

Sustainability

A copy of the EPC is available on request.

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 09/04/2024