Retail premises to let in 7, Gilkes Street, Middlesbrough TS1

The property is situated in Gilkes Street which is the main connecting street between Linthorpe Road and Captain Cook Square Shopping Centre. Nearby occupiers include Greggs, Thomas the Baker, Waterstones and Boots.

The property is constructed over two floors with ground floor retail and first floor stores / staff. There is rear access off the service yard to the rear.

Accommodation

The accommodation provides the following approximate net internal areas and dimensions:
Gross Frontage 4.2 m (13’09”)
Net Internal Width 3.8 m (12’06”)
Shop & Built Depth 14.8 m (48’06”)
Ground Floor Sales 50.4 m2 (543 sq ft)
First Floor 27.5 m2 (297 sq ft)
Total NIA 77.9 m2 (840 sq ft)

Rating assessment

The property has been assessed for rates with effect from April 2023 with an rv of £12,000 - 2024/25.

We anticipate that occupiers will benefit from 100% Small Business Rates Relief. Interested parties should verify the accuracy of this information and rates payable with the local Rating Authority.

Interested parties should verify the accuracy of this information and the rates payable with the Local Rating Authority.

Planning

The property has an existing E Class planning consent, but alternative uses may be possible, subject to landlord and Local Authority consents.

Lease terms

The unit is offered on a new 5 year fully repairing and insuring lease. Rent £15,000 per annum exclusive, subject to the overall terms of the lease.

Accommodation:
Ground floor sales: 543.00 sqft
First floor: 297.00 sqft
Total: 840.00 sqft