Retail Property (out of town) for sale

415-417 Linthorpe Road, Middlesbrough TS5 6JN

Offers in Region of £415,000
1,612 sq. ft.

Property Description

Commercial information

  • Use class orders: A1 Shops, A3 Restaurants and Cafes and A5 Hot Food Take away

Key features

  • Situated within Linthorpe Village
  • Double fronted retail unit that has been trading as a restaurant
  • Fixtures and fittings included in the sale
  • May be suitable for redevleopment
  • May also sub divide

Full description

Tenure: Freehold

Location
The property is situated on the west side of Linthorpe Road close to the corner of Weastell Street within Linthorpe Village approximately 1 mile from Middlesbrough Town Centre.

This is a popular well established commercial area with a variety of businesses trading close by including Teesside Hospice and G Force Auto Styling.

Description
The property forms part of a parade of traditional construction under a pitched roof, which has been successfully trading as Khan's for over 40 years.

The ground floor comprises a double fronted unit that is furnished as an Indian restaurant and can cater for up to 60 covers and has the benefit of a late night refreshment house licences. The ground floor also has the benefit of a fully fitted kitchen.

The first floor has the potential for a further 30 covers and is currently arranged to provide food preparation / storage area and WC facilities.

The restaurant fixtures, fittings and goodwill are included with the sale of the property.

The property may be suitable for redevelopment into alternative residential and commercial uses and may also sub divide.

415 and 417 Linthorpe Road are registered separately on the Land registry.

Accommodation
Ground floor - 775 sq. ft
Kitchen - 240 sq. ft
Preparation / storage area - 597 sq. ft
Total 1,612 sq. ft

Rates
The valuation office website shows a 2017 rateable value of 12,500 per annum.

The current UBR (Uniform Business Rate) is 47.9 pence in the pound for the 2017-2018 period. Enquiries regarding the actual amount payable should be directed to Middlesbrough Council on 01642 726007.

Terms
The property is being offered For Sale with the benefit of fixtures and fittings associated with the running of the restaurant.

Freehold offers are invited based on 415,000.

Energy Performance Certificate
This property has an energy assessment rating of C(54). A full copy of the EPC is available upon request.

VAT
All offers where made silent of VAT, will be deemed to be exclusive thereof.

Legal Costs
Each party to bear their own legal costs in connection with this transaction.

Further Information
Strictly through the Sole Agents Dodds Brown.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Middlesbrough (1.2 mi)
  • Marton (2.2 mi)
  • Thornaby (2.4 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Middlesbrough (1.2 mi)
  • Marton (2.2 mi)
  • Thornaby (2.4 mi)
Distances are straight line measurements from centre of postcode

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