222-226 New Row, Telford, Shropshire, TF3

Location & Description:
Prime corner location situated on New Row, with nearby occupiers including M&S, Primark, Next, Frasers, River Island an H&M.

Unit in shell condition with no shopfront.

Further details about Telford Centre including the wider centre brand map can be found on

Demise:
Ground floor 2,037 sq ft (189 sq m)
First floor 474 sq ft (44 sq m)

Base Rent & Turnover Rent:
Base rent of £65,000 per annum exclusive, or 7% of gross turnover net of rent, whichever is the higher.

Lease:
The subject premises are available by way of an assignment, subject to Landlord's consents. An existing lease (ex Act) is in place for a term through to 14th June 2038 with no break options. 5 yearly rent reviews index linked in line with CPI with a collar and cap of 1% and 2.5%.

Service Charge:
On-account service charge for 2024 stands at approximately £22,757 excluding VAT.

EPC:
To be confirmed.

Legal and Professional Fees:
Each party are to bear their own costs.

Rating Assessment:
Rateable Value (April 2023) - £49,750.