Unit 12 Princes Gate, Catterick Garrison DL9 3BA

The property is situated at the junction of Gough Road and Richmond Road in Catterick approximately 3 miles to the South of North Yorkshire town of Richmond and 16 miles West of Northallerton and easily accessed off the A1(M).

The property is located in the Princes Gate Shopping Park in the centre of Catterick Garrison. It is home to the largest British Garrison in the country with an estimated population of around 14,000 (2021 estimate). Retailers in the immediate vicinity include Cotswold Outdoors, Pets at Home, Iceland, Next, Boots and Sports Direct.
The leisure mix includes a 7 screen Savoy Cinema, Costa Coffee, Subway and Premier Inn. Opposite the property is the Richmondshire Walk Centre anchored by Tesco and other occupiers including Greggs, McDonalds, Farmfoods and B&M Bargains. The towns Swimming Pool and leisure centre is adjacent.

SPECIFICATION
Sales area: Fully fitted out with plastered ceilings and inset lighting, tiled floors, air conditioning heating/ cooling, fitted seating, bar area and sales displays.
Rear kitchen area:
Suspended ceiling, walk in freezer, dry stores, fully equipped kitchen, staff and WCs, Pizza Oven. Total fit out cost c £200K and provided an excellent high-quality fitout for an incoming tenant. Services: 3 Phase electric, Water, Gas meter removed but piped to unit. Rear servicing off a shared service yard.

LEASE DETAIL
Available by way of an existing lease until 2 February 2033. Tenant only break February 2028. Passing rent of £55,000 pax quarterly in advance, subject to RPI rent review 2028. Tenants’ effective full repairing and insuring lease. Incentives available.

PLANNING
The unit has the benefit of E class planning.

SERVICE CHARGE / INSURANCE
The tenant will be responsible for a fair proportion of the service charge based on floor area for the maintenance and insurance of the building and common areas. The present building, estate and insurance charges equate to £6528 p/a inc VAT for the budget year to end of March 2026. Insurance: £910.38 pa.

RATES
With effect from 1 April 2021 we understand the property is assessed for rating purposes as follows:

Rateable Value £60,500
Rates payable £33,677 2025/26.

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

ENERGY PERFORMANCE CERTIFICATE
The property been assessed for an EPC rating of B (36). A full copy of the certificate will be available on request.


Accommodation:
Sales: 1,951.00 sqft
Kitchen: 1,179.00 sqft
Total: 3,130.00 sqft