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REDCAR UNIT 7 REGENT WALK
REDCAR, UNIT 7 REGENT WALK, TS10 3FB
Redcar has a population of 37,073 and a retailing catchment of circa 55,000, near to Middlesborough,with the Department Store in question being situate within the Regents Walk Shopping Centre.
The unit is near to retailers such as Argos, Peacocks, New Look, Home Bargains & JD Sport etc, as can be seen from the goad plan extract.
Ground Floor 14,139 sq.ft. (1,313.5m²)
First Floor 15,699 sq.ft. (1,458.4m²)
Total Area 29,838 sq.ft. (2,771.9m²)
The premises are held on a lease expiring September quarterday 2027 at a rental of £195,630.30 per annum, with 5 year rent reviews, with the next review being September quarterday 2017.
An assignment is being sought for this departmental store, or an underlease, on terms to be agreed.
Rateable Value £181,000
Rates Payable £89,233 per annum
Rate in the £ 49.3p (2015/2016)
This information is for guidance purposes only. Interested parties are advised to make their own rating enquiries.
Each party to be responsible for their own legal costs incurred in the transaction.
This is a confidential disposal and no approach should be made to on site staff without expressed consent. Strictly by appointment with this Agency or our joint Agent.
Robin Johnson 0121 459 8925/ 07831 093093
David Reece 0121 459 4200 / 07747 100705
Tim Catterall – 01325 722109 / 07702 287097
Robin Catterall – 01325 722109 / 07740 876760
All transactions stated are exclusive of VAT