11 Centre Mall, Cleveland Centre, Middlesbrough - Picture 2024-03-06-11-13-39
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11 Centre Mall

Cleveland Centre, Middlesbrough, TS1 2LS

Size
3,616sq ft
Rent pa
£22,500
Market Sector
Shopping Centre

Description

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.

Major tenants include Boots, HMV, JD Sports, New Look, Iceland, Costa and WH Smith.

The subject property occupies a prominent position on Centre Mall adjacent to One Below, opposite H Samuel and close to WH Smith and Footlocker.

Location

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).

Key Information

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.

Accommodation

3,616 Sq.Ft/335 m²

We are advised the premises comprise the following approximate net floor areas:

AreasSq.Ftm²
Ground Floor Sales2,332216
First Floor Ancillary1,284119

Rent

DateRent
2023-01-01£22,500

Rates

YearRateable ValueUBR p/£Rates Payable
2024£24,75049.9£12,350

Financial Details

Rent

£22,500 per annum exclusive of rates and service charge.

Service Charge

The Service Charge for the Year 2023/2024 is £18,276.77.

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Disclaimer

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.

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