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Unit 12 Newton Mall Cleveland Centre, Middlesbrough, TS1 2LS

£ 10,000 pa / 684 sq ft
Unit 12 Newton Mall, Cleveland Centre, Middlesbrough - Picture 2023-12-14-13-31-48
Use Class

Use Class

E

Size

Size

684 sq ft

Rent pa

Rent pa

£10,000

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.

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

684 Sq.Ft

The premises comprise the following approximate dimensions and net floor areas:-

Areas
Sq.Ft
Sq.M
Ground Floor Sales
684
63.5
First Floor Ancillary
236
21.9

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.

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.

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This was last updated on 09/04/2024