Retail Property (high street) for sale

9, 11, display cabinet and first floor Market Place, Guisborough, TS14 6BN

Guide Price* 42 sq. ft. | £130,000

Property Description

Commercial information

  • 42 sq ft (3 sq m)

Key features

  • Tenanted Investment
  • Two Storey Property
  • Two Retail Units and First Floor Office
  • Shops let at 4,800 and 6,000PA
  • Cabinet let at 250PA and Offices Vacant
  • Partner Agent: Thomas Stevenson

Full description

Tenure: Freehold

Tenanted investment for sale by auction.

9-11 Market Place is a two storey property split to provide two retail units which are currently let, a first floor office which is currently vacant and a display cabinet producing rental income. The property is situated within Market Place, Guisborough town centre, a popular location to the south of Middlesbrough. The ground floor retail units are let at 4,800PA and 6,000PA to local businesses and the display cabinet is let at 250PA.

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 subject property.

We are advised that the ground floor retail premises are provided retail areas and staff facilities. The first floor is office accommodation.

9 Market Place: NIA 45.5m2
11 Market Place: NIA 41.6m2.
First floor: NIA 87.9m2.
Sizing information from VOA.

TENURE
Freehold. Title numbers:
9: CE87399
9a: CE87399
11: CE87399
11a: CE87399

LEASE TERMS
9 Market Place is let to Abbey Beedle and Rachel Maidman.
Lease 01/12/2011 expired 30/11/2014.
Rent 4,800PA.

11 Market Place is let to Jayne Hill and Lauren Hearn.
Lease 19/03/2014 expires 18/03/2019.
Rent 6,000PA.

The display cabinet at Market Place is let to Jayne Hill and Lauren Hearn.
Lease 01/11/2014 expires 31/10/2017.
Rent 250PA.

The first floor is currently vacant.

RATEABLE VALUE
The adopted rateable values, effective from 01 APRIL 2010, are as follows:
9 Market Place: 4,750
11 Market Place: 5,400
First floor Market Place: 5,200
Source: www.voa.gov.uk.

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 2312. 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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