Retail Property (high street) for sale

5 Bow Street, Guisborough, TS14 6BP

Guide Price* 34 sq. m. | £45,000

Property Description

Commercial information

  • 365 sq ft (34 sq m)

Key features

  • Tenanted Investment
  • Ground Floor Retail Unit
  • Town Centre Position
  • Let at £5,200 per annum
  • Joint Agent: Thomas Stevenson

Full description

Tenure: Freehold

Tenanted investment for sale by auction.

5 Bow Street is a ground floor retail premises currently used as a café set within a two storey building situated within Guisborough town centre, a popular location to the south of Middlesbrough. The property is let to a sole trader on a lease from 27/07/2015 expiring on 26/07/2020. The rental income is stated as £5,200 per annum.

LOCATION
The property is located just off Westgate, the principal retail street of Guisborough Town Centre. Guisborough is an affluent market town within the Teesside conurbation. Other retailers in the town include Boots, Greggs, Dorothy Perkins, Martins etc. The property occupies a good secondary position.

ACCOMMODATION
We have not internally inspected this property however we confirm the unit is provided shop window frontage and sales are behind.

NIA 33.8m2 (information from VOA).

TENURE
Freehold. Title number CE87285.

LEASE TERMS
5 Bow Street is let to Bruce Cameron.
Lease – 27/07/2015 expires 26/07/2020.
Rent £5,200PA.
The current owner holds a rent deposit of £800 from the tenant the rent is currently paid up to March 2017.

RATEABLE VALUE
The adopted rateable value is £5,800 as effective from 01 APRIL 2010.

EPC
We currently await a copy of the energy performance certificate.

VAT
Unless otherwise stated, all stated figures are expressed exclusive of VAT. We await confirmation that VAT is payable on this transaction.

AUCTION INFORMATION
The subject property is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of three thousand six hundred pounds. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (six hundred and fifty pounds plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.

Nearest stations

  • Longbeck (3.8 mi)
  • Marske (3.8 mi)
  • Kildale (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Longbeck (3.8 mi)
  • Marske (3.8 mi)
  • Kildale (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2678. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 2324392.


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