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Mixed Use for sale

Oxbridge Lane, Stockton-On-Tees, TS18

Sold STC Offers Invited

Property Description

Full description

The premises comprise the former Co operative premises a substantial End Terrace Commercial Unit, situated on the corner of Osborne Road and Oxbridge Lane, enjoying a prominent position on a busy thoroughfare approximately 1 mile West of Stockton Town Centre. Oxbridge is a popular residential area with a number of local amenities. Neighbouring commercial occupiers include a busy Petrol filling station with convenience store incorporated, hot food takeaways, bookmakers and drinking establishments.

16 Oxbridge Lane is a ground floor retail unit let to a Hairdressers with a current passing rent of £4,700 per annum. The larger proportion of the building is known as 14 Oxbridge Lane and is currently let to a Retail Sales Business, but can be available with vacant possession and lends itself to a variety of Retail uses with residential development also a strong possibility, subject to the relevant planning consents

14 Oxbridge Lane provides a spacious open Plan Ground Floor of 860 sq ft with Stores to the rear. The first floor is arranged to provide further Showroom space, Storage and Staff/ Kitchen Area totalling approximately 1,750 sq ft.
Ground floor retail
Ground Floor Retail: 1221 Sq ft: 113.5 Sq mtrs
Ground Floor Stores: 444 Sq ft: 41 Sq mtrs
First Floor: 1,750 Sq ft: 162 Sq mtrs

More Information
• Investment/Development Opportunity
• Potential to develop to residential units
• Viewing by appointment
• Car Parking available to the surrounding streets
• passing rent £4,700 per annum

Business Rates
Enquiries regarding the rateable value and details of precise amounts payable should be directed to the relevant Local Authority.
Tenure Freehold

Proposed Terms - FREEHOLD Offers over £150,000

Osborne Road Elevation

Legal Costs
The ingoing purchaser/tenant will be responsible for our Client’s reasonable legal costs incurred in connection with this transaction together with any Stamp Duty and VAT where applicable.
All offers where made silent of VAT are deemed to be made exclusive thereof.
All measurements are approximate and are for guidance purposes only.
By appointment through the Sole Agents, Browns Commercial Tel: 01642 607607

Map & Street View

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