£475,000
(£152.00/sq. ft)
Retail premises for sale187, Linthorpe Road, Middlesbrough TS1
3,125 sq. ft
Freehold
About this property
To Let or For Sale
Close to Town Centre
Close to University Campus
Part of Former Psyche Department Store
High Visibility to Road Frontage
E Class Consent
The shop for sale is in Middlesbrough situated on Linthorpe Road, at the centre of The University of Teesside campus which has a student population of approx. 30,000 driving significant footfall past the building.
Nearby occupiers include Akbar’s Restaurant, kfc and a range of other bars and restaurants. The location supports a range of niche fashion retail, café and general retail.
Middlesbrough is situated approximately 40 miles South of Newcastle upon Tyne and 15 miles East of Darlington. The town is the regional commercial centre for the Tees Valley area and has a population of approximately 150,000.
The retail shop unit comprises of a 2 storey building with sales on ground floor. The first and second floors provide basic storage from ground by a rear staircase. The street provides short stay parking at the front.
Planning use
The property currently has E Class use but could be suitable for alternative uses subject to change of use.
Next door
The former Psyche building has been split into new self-contained retail units with future uses for the upper floors. This exiting landmark building will become the epi centre for modern retail and leisure uses in this part of the town.
Significant new private residential development is outlined close by as part of the town centre residential regeneration plans which will increase convenience need in this location.
Rates
The premises are to be reassessed. Interested parties should verify the accuracy of this information and the rates payable with the Local Rating Authority.
Energy performance certificate
The Energy Performance Asset Rating is being reassessed. A copy will be available shortly.
Lease detail
The unit will be available on a tenants full repairing and insuring lease for a minimum term of 5 years at rent of £40,000 pax.
Price
Offers in the region of £475,000 exclusive are sought.
VAT
Any references to price, premium or rent are deemed to be exclusive of Value Added Tax unless expressly stated otherwise and any offer received will be deemed to be exclusive of VAT.
VAT is not charged on this property.
Accommodation:
Ground floor sales: 1,570.00 sqft
First floor sales: 1,555.00 sqft
Total: 3,125.00 sqft
Nearby occupiers include Akbar’s Restaurant, kfc and a range of other bars and restaurants. The location supports a range of niche fashion retail, café and general retail.
Middlesbrough is situated approximately 40 miles South of Newcastle upon Tyne and 15 miles East of Darlington. The town is the regional commercial centre for the Tees Valley area and has a population of approximately 150,000.
The retail shop unit comprises of a 2 storey building with sales on ground floor. The first and second floors provide basic storage from ground by a rear staircase. The street provides short stay parking at the front.
Planning use
The property currently has E Class use but could be suitable for alternative uses subject to change of use.
Next door
The former Psyche building has been split into new self-contained retail units with future uses for the upper floors. This exiting landmark building will become the epi centre for modern retail and leisure uses in this part of the town.
Significant new private residential development is outlined close by as part of the town centre residential regeneration plans which will increase convenience need in this location.
Rates
The premises are to be reassessed. Interested parties should verify the accuracy of this information and the rates payable with the Local Rating Authority.
Energy performance certificate
The Energy Performance Asset Rating is being reassessed. A copy will be available shortly.
Lease detail
The unit will be available on a tenants full repairing and insuring lease for a minimum term of 5 years at rent of £40,000 pax.
Price
Offers in the region of £475,000 exclusive are sought.
VAT
Any references to price, premium or rent are deemed to be exclusive of Value Added Tax unless expressly stated otherwise and any offer received will be deemed to be exclusive of VAT.
VAT is not charged on this property.
Accommodation:
Ground floor sales: 1,570.00 sqft
First floor sales: 1,555.00 sqft
Total: 3,125.00 sqft
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