62A, 64 and 66 Linthorpe Road and 1a Corporation Road Middlesbrough TS1 1RA

62A, 64 and 66 Linthorpe Road and
1a Corporation Road
Middlesbrough
TS1 1RA

Freehold Retail Investment

Let to Miss Selfridge Properties Limited until 2040
Prime retail position in the heart of the town centre
The property may benefit from residential development of the upper floors (Subject to Consents).
Neighbouring occupiers include Sports Direct, Caffe Nero, Goldsmiths, M&S, Tesco Express and Santander.

Lot
35
Auction
5th May 2021
Rent
£174,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Let to Miss Selfridge Properties Limited until 2040
Prime retail position in the heart of the town centre
The property may benefit from residential development of the upper floors (Subject to Consents).
Neighbouring occupiers include Sports Direct, Caffe Nero, Goldsmiths, M&S, Tesco Express and Santander.

Lot 35
Auction 5th May 2021
Rent £174,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 32 miles south of Newcastle upon Tyne; 42 miles north of York; 65 miles north of Leeds
Roads: A66, A19, A1 (M)
Rail: Middlesbrough railway station
Air: Durham Tees Valley Airport, Newcastle Airport

Situation

The property is prominently situated in a prime trading position on the east side of Linthorpe Road at its busy junction with Corporation Road and Newport Road. The property is located approximately 350 metres from the railway station, equidistant between the major Cleveland Shopping Centre and the Hill Street Shopping Centre. Neighbouring occupiers include Sports Direct, Caffe Nero, Goldsmiths, M&S, Tesco Express and Santander.

Tenure

Freehold.

Location

Miles: 32 miles south of Newcastle upon Tyne; 42 miles north of York; 65 miles north of Leeds
Roads: A66, A19, A1 (M)
Rail: Middlesbrough railway station
Air: Durham Tees Valley Airport, Newcastle Airport

Situation

Tenure

Freehold.

Description

The property comprises a prominent corner period building comprising retail accommodation on the ground floor and part of the first floor and ancillary accommodation on the remaining part of the first floor, second and third floors. The tenant is not trading and the property is currently vacant and to let. The property may benefit from conversion of the upper floors to residential (Subject to consents).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	(Reversion)
Ground First Second Third	Retail Retail/Ancillary Ancillary Ancillary	135.01 sq m 112.50 sq m 92.70 sq m 30.00 sq m	(1,453 sq ft) (1,211 sq ft) (997 sq ft) (323 sq ft)	MISS SELFRIDGE PROPERTIES LIMITED guaranteed by ARCADIA GROUP LIMITED(1)(2)	35 years from 24/08/2005 on full repairing and insuring lease	£174,000	(23/08/2040)
Totals		370.21 sq m	(3,984 sq ft)(3)			£174,000

(1) Both Miss Selfridge Properties Limited (CRN 00954960) now MS Propco Realisations Limited and Arcadia Group Limited (CRN 00237511) are in administration. The tenant is not trading and the property is currently vacant and to let. As the lease remains current the liability for business rates remains with the tenant.
(2) The tenant is not currently in occupation and the administrators have the property on the market to let.
(3) The floor areas stated above have been taken from the Valuation Office Agency website. www.voa.gov.uk

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.