High Street, and 2 and 2a Yarm Lane, Stockton-on-Tees, Durham, TS18 1AA

Location

The property is located on Stockton High Street, close to the junction with Yarm Lane. Stockton-On-Tees is situated on the bank of the River Tees and is approximately four miles to the west of Middlesbrough and 11-miles east of Darlington.

Rental Income

86 High Street. with cellar. Mobility shop income of £10,000 per annum.

87 High Street. Hairdressers Income of £9000 per annum.

88 High Street Ground Floor A5 Shop and First Floor of Pearl Assurance House.
£12,000 per annum. Lease commencing 23rd August 2019 for a term of 15 years (rent reviews June 2024 and June 2029.

Planning

2 and 2A Yarm Road. Previously Prudential House Offices with planning permission for conversion to 6 residential flats. Permission granted 13th August 2019. Planning 19/1238/FUL

Tenure

Freehold. Title number CE127003

EPC

86 High Street
Energy Rated C

87 High Street.
Energy Rated C

88 High Street Ground Floor A5 Shop and First Floor of Pearl Assurance House.
Energy Rated E

2 and 2A Yarm Road.
Energy Rated G

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.