On the instruction of Barclays Bank
North Ormesby is a suburb to the South East of Middlesbrough City centre. The location is at the end of the retail pitch, predominantly residential but Poundstretcher are directly opposite the subject property.
Held by way of a Full Repairing and Insuring lease to 09/04/2028. There is a tenant only break clause at 09/04/2023. There is a rent review at 25/12/2023. The Landlord will grant a new lease if that is the preference.
Each party are to bear their own associated legal costs.
Zero payable until 1st April 2021 as a Government tax break following the Covid 19 Pandemic. Prior to that: Rateable Value £7,200 Rates payable £3,592.80
Middlesbrough (1.1 miles)
South Bank (1.3 miles)
Marton (2.1 miles)