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LSU4 Centre Mall Cleveland Centre, Middlesbrough, TS1 2LS

12,783 sq ft
LSU4 Centre Mall, Cleveland Centre, Middlesbrough - Picture 2024-03-06-16-45-03
Use Class

Use Class

E

Size

Size

12,783 sq ft

Rent pa

Rent pa

POA

Providing c. 400,000 sq.ft of retailing, The Cleveland Centre is Middlesbrough’s largest shopping centre and benefits from a dedicated 600 space car park.

The subject property offers prime, well configured retail space and occupies a prominent position with an extensive frontage to Centre Mall, close to Boots, JD Sports, New Look, WH Smith, Greggs, Costa and Iceland.

Middlesbrough is a major north east conurbation situated 39 miles south of Newcastle and 10 miles east of Darlington. It is the principal shopping centre of Teesside (2011 Census Population in excess of 376,000).

Accommodation

12,783 Sq.Ft

The premises comprise the following approximate net floor areas:

Dimensions
Feet
Metres
Frontage to Centre Mall
35.02
10.71
Frontage to Albert Road
71.03
21.72
Areas
Sq.Ft
Sq.M
Ground Floor Sales
12,783
1,187.58
First Floor Anc
4,074
378.49

Financial

Lease Type

New Lease

Lease Term

The premises are offered on a new effective FRI lease for a term to be agreed, subject to upward only rent reviews every 5 years.

Rent

Rent on application.

Service charge

We understand the annual budget figure is £34,707.

Business Rates

We are advised the property is assessed as follows: Rateable Value £47,000.00 UBR (2023/2024) 49.9p Estimated Rates Payable (2023/2024) £23,453.00 Estimated Payable with Retail Relief £5,863.00 For further details visit www.voa.gov.uk or contact the local Rating Authority. The Rates Payable may be subject to other retail reliefs.

Rates

Rateable Year:
2024
Rateable Value:
£47,000.00
Rates payable:
£23,453.00
UBR:
49.9p/£

Sustainability

A copy of the EPC will be provided on request.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 09/04/2024