Retail premises to let

The new shop units to let are in Middlesbrough situated on Linthorpe Road, at the centre of The University of Teesside campus which has a student population of approx. 30,000 driving significant footfall past the building.

Nearby occupiers include Akbar’s Restaurant, kfc and a range of other bars and restaurants. The location supports a range of niche fashion retail, café and general retail.

Middlesbrough is situated approximately 40 miles South of Newcastle upon Tyne and 15 miles East of Darlington. The town is the regional commercial centre for the Tees Valley area and has a population of approximately 150,000.

The retail shops will comprises of new separate ground floor units and further space on the first and second floor with Lift access. The street provides short stay parking at the front.

Accommodation

Briefly, the subject shop unit provides the following approximate net internal area and dimensions:

Unit 1 151.0 m2 (1,625 sq ft) under offer
Unit 2 137.0 m2 (1,475 sq ft)
Unit 3 399.5 m2 (4,300 sq ft)
Unit 4 for sale
Unit 5 From 856 m2 (9,220 sq ft) (Uppers upon application)

Planning use

The property currently has E Class use but could be suitable for alternative uses subject to change of use. This is the former Psyche building which will be split into new self-contained retail units with future uses for the upper floors. This exiting landmark building will become the epi centre for modern retail and leisure uses in this part of the town.

Significant new private residential development is outlined close by as part of the town centre residential regeneration plans which will increase convenience need in this location.

Lease detail

The units will be available on new effective tenants full repairing and insuring lease for a minimum term of 5 years. Rents from £20 psf c(£30,000 pax).

Service charge
tbc

rates

The premises are to be reassessed. Interested parties should verify the accuracy of this information and the rates payable with the Local Rating Authority.

Energy performance certificate

The Energy Performance Asset Rating is being reassessed. A copy will be available shortly.