62A, 64 and 66 Linthorpe Road and
1a Corporation Road
Middlesbrough
TS1 1RA

Freehold Retail Investment

  • Let to Miss Selfridge Properties Limited until 2040
  • Prime retail position in the heart of the town centre
  • The property may benefit from residential development of the upper floors (Subject to Consents).
  • Neighbouring occupiers include Sports Direct, Caffe Nero, Goldsmiths, M&S, Tesco Express and Santander.
  • Lot
    35
  • Auction
    05/May/2021
  • Rent
    £174,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 62A, 64 and 66 Linthorpe Road and<br>1a Corporation Road<br>Middlesbrough<br>TS1 1RA
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
32 miles south of Newcastle upon Tyne
42 miles north of York
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 prominently situated in a prime trading position on the east side of Linthorpe Road at its busy junction with Corporation Road and Newport Road. The property is located approximately 350 metres from the railway station, equidistant between the major Cleveland Shopping Centre and the Hill Street Shopping Centre. Neighbouring occupiers include Sports Direct, Caffe Nero, Goldsmiths, M&S, Tesco Express and Santander.

Tenure

Freehold.

Description

The property comprises a prominent corner period building comprising retail accommodation on the ground floor and part of the first floor and ancillary accommodation on the remaining part of the first floor, second and third floors. The tenant is not trading and the property is currently vacant and to let. The property may benefit from conversion of the upper floors to residential (Subject to consents).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.x (Reversion)
Ground
First
Second
Third
Retail
Retail/Ancillary
Ancillary
Ancillary
135.01 sq m
112.50 sq m
92.70 sq m
30.00 sq m
(1,453 sq ft)
(1,211 sq ft)
(997 sq ft)
(323 sq ft)
MISS SELFRIDGE
PROPERTIES
LIMITED guaranteed
by ARCADIA
GROUP
LIMITED(1)(2)
35 years from
24/08/2005 on full
repairing and
insuring lease
£174,000(23/08/2040)
Totals
370.21 sq m
(3,984 sq ft)(3)
  £174,000 

(1) Both Miss Selfridge Properties Limited (CRN 00954960) now MS Propco Realisations Limited and Arcadia Group Limited (CRN 00237511) are in administration. The tenant is not trading and the property is currently vacant and to let. As the lease remains current the liability for business rates remains with the tenant.
(2) The tenant is not currently in occupation and the administrators have the property on the market to let.
(3) The floor areas stated above have been taken from the Valuation Office Agency website. www.voa.gov.uk

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    29.04.21
    File Size
    17 MB
    Login to View
  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    676 KB
    View PDF
  • Site Plan
    Updated Date
    16.04.21
    File Size
    872 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Foot Anstey LLP 100 Victoria Street
Bristol
BS1 4SD
Lingxi Wang 0117 915 4956lingxi.wang@footanstey.com

Useful Links

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