Cleveland Gate Retail and Business Park, which was developed by Ryedale Estates, was opened in 2017. Its tenants include an M&S Foodhall, B&M, Frank’s Flooring, Domino’s Pizza and Hollyhocks Café. The sellers claim that the site generates a headline rent of over £820,000 per year, with the selling agents instructed to seek offers in excess of £10.5m.
We are experiencing strong interest from a wide range of investors and hope to conclude matters in the next few months.” The site offers almost 40,000 sq ft of retail space and 25,000 sq ft of business space, as well as parking for almost 200 cars. The rear of the retail park also houses 11 hybrid and light industrial units with tenants including TNT Fitness, Vet Partners, Guisborough Brewery, Finn’s Bakery and specialist dental practice, Riverdale.