Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Legal & General
Property Information
Location
Miles
35 miles south of Newcatle upon Tyne
65 miles north of Leeds
Roads
A66, A19, A1(M)
Rail
Middlesbrough Railway Station
Air
Durham Tees Valley Airport, Newcastle Airport
Situation
The property is situated in a prominent position on the west side of Linthorpe Road, the town’s prime pedestrianised retail thoroughfare, between the major Middlesbrough Hillstreet Shopping Centre and the Cleveland Shopping Centre. Neighbouring the property is House of Fraser, with other nearby occupiers including Marks & Spencer, Debenhams, BHS, Boots, Topshop/Topman, New Look and H&M.
Tenure
Freehold.
Location
Miles
35 miles south of Newcatle upon Tyne
65 miles north of Leeds
Roads
A66, A19, A1(M)
Rail
Middlesbrough Railway Station
Air
Durham Tees Valley Airport, Newcastle Airport
Situation
The property is situated in a prominent position on the west side of Linthorpe Road, the town’s prime pedestrianised retail thoroughfare, between the major Middlesbrough Hillstreet Shopping Centre and the Cleveland Shopping Centre. Neighbouring the property is House of Fraser, with other nearby occupiers including Marks & Spencer, Debenhams, BHS, Boots, Topshop/Topman, New Look and H&M.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor retail unit with ancillary accommodation on the first and second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted ground floor retail unit with ancillary accommodation on the first and second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Retail Ancillary Ancillary
194.20 sq m 206.80 sq m 103.20 sq m
(2,032 sq ft) (2,226 sq ft) (1,111 sq ft)
SPORTSWIFT LIMITED T/A CARD FACTORY (1)
5 years from 07/08/2014 on a full repairing and insuring lease (2)
£80,000
06/08/2019
Totals
504.20 sq m
(5,427 sq ft)
£80,000
(1) For the year ending 31/01/2015, Sportswift Limited reported a turnover of £336,676,000, pre-tax profits of £62,320,000 and a total net worth of £58,862,000. (Source: www.experian.com 26/08/2015) (2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.