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24 Newport Road, Middlesbrough, Cleveland, TS1

Under Offer £180,000
3,708 sq. ft.

Property Description

Commercial information

  • 3,708 sq ft (344 sq m)
  • Use class orders: A1 Shops

Full description

LOCATION
The property is situated on Newport Road, close to Middlesbrough's Hill Street Shopping Centre. Nearby occupiers within this parade include Specsavers, British Heart Foundation, Herbert Brown Jewellers, Nobles Amusements, House of Fraser and Debenhams Department Store.

DESCRIPTION
The property comprises a three-storey plus basement mid terrace building of brick construction.

The accommodation briefly comprises ground and first floors open plan sales accommodation, with kitchen and a WC on the second floor. A basement provides additional storage.

ACCOMMODATION
The accommodation provides the following approximate net internal areas:

Ground Floor Sales 95.31 m (1,026 sq ft)
First Floor Sales 94.38 m (1,016 sq ft)
Second Floor Staff/Storage 94.20m2 (1,014 sq ft)
Basement Storage 60.57 m2 (652 sq ft)

Total Net Internal Area 344.5 m2 (3,708 sq ft)


RATING ASSESSMENT
The premises are currently entered into the Valuation List at RV 22,000 and RV 500 basement. The current Uniform Business Rate for 2017/18 is 0.497 pence in the .

Interested parties should verify the accuracy of this information and the rates payable with the Local Rating Authority.

USE CLASS
The property is currently A1 (Shop) use under the Use Classes Order 1987.

The premise does have some restrictions in place in favour of the neighbouring property which prohibits the following:

- Gaming, including the installation of gaming machines
- Betting or Lottery
- The sale of alcohol
- The use of the property as a tanning salon

TERMS
The property is available at a reduced freehold price, offers in excess of 180,000 exclusive.

The property is also available by way of an effectively full repairing and insuring lease for a term to be agreed at a rental level of 20,000 per annum. Rent free incentives are available.


LEGAL FEES
Each party is to be responsible for their own legal fees incurred with any transaction.

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.

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Asset Rating is Band E (120).


More information from this agent

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