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
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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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

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

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

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)