39A - 43 Linthorpe Road Middlesbrough North Yorkshire TS1 5BS

39A - 43 Linthorpe Road
Middlesbrough
North Yorkshire
TS1 5BS

Freehold Retail Investment

Let to Sportswift Limited t/a Card Factory
Pedestrianised town centre location
Situated close to the major Middlesbrough Hill and Cleveland Shopping Centres
Nearby occupiers include Marks & Spencer, Debenhams, BHS, Boots, Topshop/Topman, New Look and H&M
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
23
Auction
22nd October 2015
Rent
£80,000 per Annum Exclusive
Status
Sold
Price
£805,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Legal & General

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Freehold Retail Investment

Let to Sportswift Limited t/a Card Factory
Pedestrianised town centre location
Situated close to the major Middlesbrough Hill and Cleveland Shopping Centres
Nearby occupiers include Marks & Spencer, Debenhams, BHS, Boots, Topshop/Topman, New Look and H&M
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 23
Auction 22nd October 2015
Rent £80,000 per Annum Exclusive
Status Sold
Price £805,000
Sector
High Street Retail
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

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

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.