Thornaby - Pavilion Shopping Centre, St Peters House, TS17 9FF

Location:

Thornaby is a historic North-East Yorkshire town and former renowned WW2 RAF base, situated on the southern bank of the River Tees. Along with Stockton, Billingham and Yarm the town makes up the Unitary Borough of Stockton-on-Tees which is the largest by population within The Tees Valley region.

The town is strategically located some 46 miles (73km) north of York, 28 miles (46km) south-east of Durham, 7 miles (11km) south-west of Middlesbrough and 3.7 miles (6km) south-east of Stockton-on-Tees.

  • Description

    The Pavilion Shopping Centre was subject to a £30m redevelopment in 2009 and provides an extensive convenience retail offer in the heart of Thornaby. The community centre comprises circa 270,000 sq ft of retail and office accommodation and is food store anchored by a 100,000 sq ft Asda at its southern end and a 17,500 sq ft Lidl at it northern end. Major retailers represented include Wilko, Home Bargains, Iceland, Boots, Poundstretcher, Greggs, Halifax, Barclays, Card Factory and Shoe Zone. The asset also includes the refurbished town’s library and the Pavilion Leisure Centre (including a fully equipped modern gym, an indoor bowls rink, multi-use sports hall, squash courts and café facilities) as well as the Yorkshire Bank, Golden Eagle Hotel and Lidl which are all occupied by way of long leases. In addition St Peter’s House provides circa 6,000 sq ft of first floor office accommodation.

    The Pavilion Shopping Centre also boasts circa 700 car parking spaces, the majority located just off Mitchell Avenue. The main provision is the 350 space ASDA car park (2 hours free) with an additional 290 spaces to the north of the scheme adjacent to Lidl. A further 50 spaces are located to the rear of the Golden Eagle Hotel.

  • Tenure

    Long leasehold.

  • Tenancy (ies)

    Please refer to the Schedule of Tenancies and Accommodation.

  • Current Rent PAX

    £936,185

  • Price

    - Please enquire -

  • Yield

    N/A

MISREPRESENTATION: These particulars do not constitute an offer or contract. They are intended as a guide to prospective purchasers. All reasonable care has been taken in the preparation of these particulars but their accuracy is not guaranteed. The purchaser should satisfy himself and as to the correctness of these details, Neither the agents nor the vendor or lessors are to be or become under any liability or claim in respect of these particulars. These particulars are supplied on the understanding that all negotiations are conducted through this office.

All viewings are strictly by prior appointment.
Please contact:

David Freeman
Ed Smith
Patrick Over