37 Cleveland Street, Middlesbrough, North Yorkshire, TS6
£77.78 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,507 sq ft
233 sq m
- SECTOR
Pub for sale
- USE CLASSUse class orders: A4 Drinking Establishments and Sui Generis
A4, sui_generis_3
Key features
- Mid terrace pub with a site area of 233 sq m (2,507 sq ft)
- Freehold subject to lease
- Contractual rent of £40,978 pa (concessionary rent of £20,000 pa)
- Lease expiry in May 2038
Description
The property is situated in the northeast of England within the town of Normanby, approximately 3.5 miles (5.5 kilometres) south east of Middlesbrough. The local area comprises predominantly residential accommodation with some commercial uses nearby including a Boots Pharmacy and Tesco Express.
Description
A mid terrace property with rendered brick elevations. The pub is situated in the ground floor with residential accommodation at first floor level. There is a trade patio/terrace to the rear.
Services
We are advised that the property is connected to all mains services.
Licensing
The Premises Licence permits the sale of alcohol from 11:00 am until midnight seven days a week.
Planning
From informal enquiries of Redcar and Cleveland Borough Council, it has been ascertained that the property is not listed nor is it situated in a conservation area.
Rating Assessment
It is entered into the current (2023) Rating List as a 'Public House & Premises' and has a Rateable Value of £5,500.
Tenure & Basis of Sale
Freehold interest subject to lease. The property is let to GT Inns (Cleveland) Ltd for a 20 year term expiring in May 2038. The contractual rent is £40,978 pa with a concessionary rent of £20,000 pa currently in place. The lease is subject to uncapped annual RPI increases and five yearly upward only open market rent reviews. A copy of the lease is available upon request.
Guide price £225,000. VAT may be payable in addition to the purchase price. Subject to contract.
Brochures
37 Cleveland Street, Middlesbrough, North Yorkshire, TS6
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gypsy Lane Station1.9 miles
- Marton Station1.9 miles
- Nunthorpe Station2.0 miles
Notes
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