Commercial Property for sale

108-116 Yarm LaneStocktonCleveland

Guide Price £565,000

Property Description

Full description

Tenure: Freehold

SITUATION/LOCATION
The property commands a substantial frontage on the north side of Yarm Lane with return frontage onto the junction with Laybourne Terrace. Yarm Lane is a main arterial route into Stockton town centre which lies within walking distance and provides convenient access to the A66 travelling east/west.

PREMISES
Substantial two storey property incorporating four independent business units on the ground floor and separate front and side access to four first floor apartments recently created from an extensive refurbishment programme of the building to provide three two bedroom apartments and one one bedroom apartment. Three apartments have the benefit of one parking space to the rear gated yard. The apartments incorporate UPVC double glazing, gas fired central heating and attractively fitted kitchens and bathrooms.

THE TENANCIES
116a Yarm Lane
Tenant Acorn Residential Lettings
6 year lease from 2017. Rent passing 7,550 PA
NIA 94.7sq.m. (1,019sq.ft.)

112 Yarm Lane
Sandwich Bar Unit
Six year lease with effect from 1st June 2014. Full repairing and insuring terms. Rent 4,800 per annum, excl.

114a Yarm Lane
Vacant (previously let 7,210 PA)

108 Yarm Lane
Three year lease from 2017 5,000 PA for 3 years
Total NIA 121.33sq.m. (1,305.5sq.ft.)

THE APARTMENTS
At the time of preparing these particulars, the apartments are let as follows:-

No. 1 450 PCM
No. 2 425 PCM
No. 3 500 PCM
No. 4 450 PCM

Potential Gross Income Circa 50,000 PA

TENURE
Freehold

VAT
Any reference to price, premium or rent is deemed to be exclusive of VAT (if applicable) thereon. Where rents are quoted as inclusive figures this does not include VAT. Interested parties should clarify the incidence of VAT in any event with their legal advisors.

VIEWING
Strictly by appointment only through agents.

ENERGY PERFORMANCE ASSET RATING
Available upon request


More information from this agent

Nearest stations

  • Stockton (0.6 mi)
  • Thornaby (0.8 mi)
  • Eaglescliffe (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Carver, Commercial

18 St. Cuthberts Way, Darlington, DL1 1GB

01325 627026 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

  • Stockton (0.6 mi)
  • Thornaby (0.8 mi)
  • Eaglescliffe (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Carver, Commercial

18 St. Cuthberts Way, Darlington, DL1 1GB

01325 627026 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 YARMLANE. 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 Carver, 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.

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