* Prominent Town Centre Location
* Occupiers within the centre include;
* Asda, Aldi, Boyes, B&M and Costa
* Boots and Poundland
* Ground floor sales 4, 625 sq ft
Billingham is a large town situated in County Durham in the North East of
England. It has a resident population of 55, 000 inhabitants within a 10 minute
drive time. It is within a 20 minute drive from Middlesbrough (138, 400) and
Stockton on Tees (83, 490).
Billingham town centre is a 320, 000 sq ft open air retail scheme. Billingham
is part of the Tees Valley Economic area, home to the largest integrated
chemical complex in the UK. It’s reputation and continued strength in these
international markets has allowed the town to retain a loyal and secure
residential population who regularly shop in the centre and are benefiting
from the recent investment in the town centre and surrounds.
Occupiers within the centre include Asda, Aldi, Boots, Boyes, B&M, Costa and
Poundland.
**Lease terms**
The unit is offered on a new full repairing and insuring lease, subject to an
upwards only rent review at the 5th anniversary of the lease at a rental of
£55, 000 per annum exclusive.
**Service charge**
The property has an annual service charge levy.
Details upon request.
**Insurance**
The property has a current annual insurance charge. Details upon request.
**Rating assessment**
We understand that the unit is assessed under the 2023 revaluation at £24, 000.
The current Uniform Business Rate for 2023/24 is 0. 49 pence in the £.
Interested parties should verify the accuracy of this information and the
rates payable with the Local Rating Authority.
Accommodation:
Retail Unit : 8, 235. 00 sqft

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