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
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)