50 Linthorpe Road Middlesbrough TS1 2JZ

50 Linthorpe Road
Middlesbrough
TS1 2JZ

Freehold Retail Investment

  • Let to The Body Shop International plc
  • Prime pedestrianised position
  • Opposite the main entrance to the major Middlesbrough Hill Shopping Centre
  • Neighbouring occupiers include Next, Debenhams and Marks & Spencer, House of Fraser and Laura Ashley
  • Lot
    43
  • Auction
    11th December 2014
  • Rent
    £80,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £457,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to The Body Shop International plc
  • Prime pedestrianised position
  • Opposite the main entrance to the major Middlesbrough Hill Shopping Centre
  • Neighbouring occupiers include Next, Debenhams and Marks & Spencer, House of Fraser and Laura Ashley
  • Lot 43
  • Auction 11th December 2014
  • Rent
  • Status Sold
  • Price £457,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
38 miles south of Newcastle upon Tyne
4 miles east of Stockton-on-Tees
16 miles east of Darlington
Roads
A19, A66
Rail
Middlesbrough Railway Station
Air
Durham Tees Valley Airport, Newcastle Airport
Situation

The property is situated on the west side of Linthorpe Road, the town’s prime pedestrianised retail thoroughfare, directly opposite the main entrance to the major Middlesbrough Hill Shopping Centre. The property is located adjacent to the Next store, directly opposite Marks & Spencer and near Debenhams, House of Fraser and Laura Ashley.

Tenure

Freehold.

Location
Miles
38 miles south of Newcastle upon Tyne
4 miles east of Stockton-on-Tees
16 miles east of Darlington
Roads
A19, A66
Rail
Middlesbrough Railway Station
Air
Durham Tees Valley Airport, Newcastle Airport
Situation

The property is situated on the west side of Linthorpe Road, the town’s prime pedestrianised retail thoroughfare, directly opposite the main entrance to the major Middlesbrough Hill Shopping Centre. The property is located adjacent to the Next store, directly opposite Marks & Spencer and near Debenhams, House of Fraser and Laura Ashley.

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor with ancillary accommodation in the basement and on the first floor.

Note
The adjoining retail unit at No. 52 Linthorpe Road is being offered as lot number 59.

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 retail accommodation on the ground floor with ancillary accommodation in the basement and on the first floor.

Note
The adjoining retail unit at No. 52 Linthorpe Road is being offered as lot number 59.

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
Basement
First
Retail
Ancillary
Ancillary
87.2 sq m
44.4 sq m
82.2 sq m
(939 sq ft)
(478 sq ft)
(885 sq ft)
THE BODY SHOP
INTERNATIONAL
PLC (1)
10 years from 25/03/2007 on
a full repairing and insuring
lease
£80,000 24/03/2017
Totals  
213.8 sq m
(2,302 sq ft)
    £80,000

(1) For the year ending 28/12/2014, The Body Shop International plc reported a turnover of £435,700,000, pre-tax profits of £57,000,000 and a net worth of £281,300,000. (Source: www.riskdisk.com 29/08/2014)

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    69 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    503 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Mishcon de Reya Summit House, 12 Red Lion Square
London
WC1R 4QD
Kim Weltman 020 7406 6159kim.weltman@mishcon.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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