Middlesbrough Town Centre
Middlesbrough is the largest commercial centre between Leeds and Newcastle and is the dominant retail location within the Tees Valley, serving a catchment of 640,000. There are approximately 880,000 people within half an hour drive-time and 2.7 million within a 1 hour drive-time.
Middlesbrough had the second highest gva growth rate in the consumer sector of any UK city in 2017.
The town centre is currently undergoing a major transformation, with an investment strategy of £700m being implemented by Middlesbrough Council over the next 5 years. Projects which will have a beneficial impact on Dundas Shopping Centre as a location are as follows:
• Middlesbrough Railway Station Redevelopment
• BoHo Next Generation (expansion of the digital office hub)
• New Snow Centre at Middlehaven
• Albert Road North Regeneration
• Centre Square Office Scheme
Further information on Middlesbrough’s Transformation is available at .
Dundas Shopping Centre
Dundas Shopping Centre is one of the 4 primary shopping centres in Middlesbrough town centre and forms an important part of the shopper circulation around the 4 quadrants of the town’s retail core.
The centre is anchored by B&M and other occupiers include Fulton's Foods, Cooplands, The Live Well Centre and Dundas Market, which is home to 30 independent retailers and businesses.
The centre has the benefit of a 187 space basement car park, accessed from Wilson Street. The centre has a weekly footfall of 70,000.
The unit is prominently situated on Dundas Street just outside Dundas Shopping Centre with prominent entrance and shop front.
Nearby occupiers include Games Workshop (Warhammer), Forbidden Planet, Heron, Charles Clinkards, Heron, Next and Festival Shop.
The unit is fitted out with wood effect laminated floor, suspended ceiling with LED lighting and slat walling.
The first floor provides male and female WCs, kitchen and storage area. The unit has a glazed shop front with roller shutter.
Shop width - 6m - 19 ft 9 in
Shop depth - 13.17m - 43 ft 3 in
Ground floor sales - 850 sq. Ft
First floor sales / ancillary - 630 sq. Ft
Total - 1,480 sq. Ft.
The Valuation Office website shows a current rateable value of £12,500 per annum.
The current ubr (Uniform Business Rate) is 49.9 pence in the pound for the 2021/2022 period.
Under the Governments Retail Discount Scheme a business rates discount will be applied of one third for each of the years 2019-2020 and 2020-2021.
Rates payable will reduce as follows:
From £6,237 pa to £4,158 pa (small business).
Enquiries regarding the actual amount should be directed to Middlesbrough Borough Council on .
The unit is subject to the shopping centre service charge which would be £523.07 plus VAT per annum.
The accommodation is available to let by way of a new lease for a term to be agreed.
Rental offers of £15,000 per annum are invited.
Energy Performance Certificate
This property has a Energy Performance rating of D(100). A full copy of the EPC is available upon request.
All offers where made silent of VAT, will be deemed to be exclusive thereof.
Each party to bear their own legal costs in connection with this transaction