* Unfurnished
* First Floor former Bingo Hall
* Totalling 20, 629 ft2 (1916. 43 m2) plus second floor storage
* Ground Floor escalator access with passenger lift
* Above Asda Supermarket
* Adjacent to the Forum Shopping Centre and close to Aldi
* Suitable for leisure including gym etc
Location
The property is prominently located within centre Billingham Town Centre and
sits directly above Asda adjacent and adjacent to The Forum Shopping Centre
and close to Aldi.
Description
The premises are accessed from the ground floor adjacent to Asda and have the
benefit of an escalator and also a passenger lift and staircase leading to the
first floor which provides a large open plan former bingo hall with ancillary
accommodation. In addition, there is also a part second floor which is largely
disused and has not been measured.
Accommodation
The property briefly comprises as follows: -
ft2 m2
Ground Floor
Entrance
First Floor
Bingo Hall & premises . 43
Second Floor
Dis - used (not measured)
Tenure
The property is held by way of a headlease expiring 25th March 2046 and
therefore the maximum lease term available cannot exceed the expiry date of
the headlease. A new sub lease is available at a commencing annual rental of
£45, 000 for a term of years to be agreed (minimum 5 years) on an effective
basis subject to 5 yearly Rent Reviews. Any sub - lease will exclude the
provisions of the Landlord and Tenant Act 1954.
Costs
Each party will be responsible for their own Legal Fees incurred in the
transaction.
Viewing
Contact – Mario Jaconelli or Alexa Reavley
•
•
• VAT
Figures quoted exclude VAT where chargeable. The rent is subject to VAT.
Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £17, 500. The Uniform
Business Rate for the Rates Year 2023/2024 is 49. 9p (rv under £51, 000). If
necessary, a written request should be made to the Local Authority for
confirmation.
Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant
will be required to provide 2 forms of identification together with
confirmation of the source of funding.
Disclaimer
None of the equipment or systems within the premises have been tested by the
Agent and it is the responsibility of the Purchaser/Lessee to ensure that they
are in working order.
Ref
C4104
**EPC**
Awaited

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