Retail Property (high street) for sale

2, 4 and 6-8 Church Street, Guisborough, TS14 6BS

Sold STC 43 sq. m. | £230,000

Property Description

Commercial information

  • 462 sq ft (43 sq m)

Key features

  • Tenanted Investment
  • Three retail units and first floor offices
  • Retail Units let at 7,000PA and 6,750PA
  • Retail Unit and First Floor let at 15,000PA
  • Partner Agent: Thomas Stevenson

Full description

Tenure: Freehold

Tenanted investment for sale by auction.

2, 4 and 6-8 Church Street is a two storey property split to provide three retail units to the ground floor and offices to the first floor that are all currently let. The property is situated within Church Street, Guisborough town centre which is a popular location to the south of Middlesbrough. Two of the the ground floor retail units are let at 6,750PA and 7,000PA to local businesses and a third retail unit together with the first floor offices are let to a firm of solicitors at 15,000PA. The total gross annual rent equates to 28,750PA for this investment.

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 inspected the property.

We are advised that the property contains two retail premises both provided with sales areas and staff facilities. There is a third retail unit that is used as a solicitors office and the first floor is also used as solicitors office accommodation.

2 Church Street: NIA 42.8m2
4 Church Street: NIA 50m2.
6-8 Church Street: NIA 190.4m2.
Sizing information from VOA.

TENURE
Freehold. Title numbers:
2: CE87347
4: CE87347
6-10: CE87347

LEASE TERMS
2 Church Street is let to Jacqueline Haw.
Lease 03/02/2016 expires 02/02/2021.
Rent 7,000PA.

4 Church Street is let to Alistair Oswin.
Lease 27/01/2010 expired 30/05/2014.
Rent 6,750PA.

6-8 Church Street is let to Carl Reed.
Lease 01/04/2003 expired 31/03/2013.
Rent 15,500.

RATEABLE VALUE
The adopted rateable value for 2 Church Street is 5,300 and for 4 Church Street is 5,700, 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 6370. 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 4251507.


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