Retail Property (high street) for sale

127 High Street, Stockton-On-Tees, Cleveland, TS18

£350,000
1,800 sq. ft.

Property Description

Commercial information

  • 1,800 sq ft (167 sq m)
  • Use class orders: A1 Shops

Key features

  • INVESTMENT FOR SALE

Full description

INVESTMENT SUMMARY

Let to National Holidays Limited and Cats Protection Trustee Limited
Freehold
Central Town Centre Location
Rental income 33,000 pax
Offers in the region of 350,000 (Three Hundred & Fifty Thousand Pounds) exclusive, Subject to Contract
Attractive 9.0 % Net Initial Yield (allowing for purchaser's costs)

LOCATION
The property is in Stockton High Street at the heart of the recently completed town centre regeneration area and is opposite new on street parking which presently provides 1-hour free parking. The shop is situated in between Cooplands and Admiral Amusements. Retailers opposite retailers include Santander and Costa Coffee.

Stockton is located on the bank of the River Tees, approx. 6 miles East of Middlesbrough and 45 miles South of Newcastle upon Tyne. The town has excellent road links to the A66 which provides access to the A19 and A1(M) networks.

DESCRIPTION
The property comprises a 3-storey property with multi pitch slate roofs and a part rear single storey flat roof section. The premises were comprehensively refurbished in 2014 to create two new shops with uppers including re-roofing, new timber shop fronts and internally new plastered skimmed and painted walls, suspended ceilings. The property is Grade II Listed and lies within the town conservation area.

ACCOMODATION

No. 128 let to Cats Protection has a double height aspect at the front of the shop but is otherwise ground floor sales only with rear Disabled WC and Kitchen area.

No. 127 National Holidays extends over ground, first and second floors above their sales and also over Cats Protection shop unit. Plans available on application.

See schedule below of areas.

COVENANT
National Holidays Limited
National Holidays are the UK's leading specialist in short breaks and holidays by coach and Stockton is one of 7 retail outlets in the group across the North.

http://www.nationalholidays.com/shops

"Low Risk" Creditsafe rating of B61

Cats Protection Trustees Limited
Founded in 1927, Cats Protection is the UK's leading feline welfare charity helping over 200,000 cats and kittens every year. They operate a network of over 250 volunteer-run branches and 32 adoption centres. The high street counts for 90 + shops and growing. Income in 2015 exceed 55.9m.

http://www.cats.org.uk/

LEGAL FEES
Each party is to be responsible for their own legal fees incurred with any transaction.

VAT
Any references to price, premium or rent are deemed to be exclusive of Value Added Tax unless expressly stated otherwise and any offer received will be deemed to be exclusive of VAT.

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Asset Rating is stated below.
A full copy of the EPC is available for inspection if required.

PRICE
Offers sought in the region of 350,000 (Three Hundred & Fifty Thousand Pounds) exclusive, Subject to Contract, and reflecting an attractive 9.0 % Net Initial Yield (allowing for purchaser's costs)



More information from this agent

Nearest stations

  • Stockton (0.5 mi)
  • Thornaby (0.6 mi)
  • Eaglescliffe (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Connect Property North East Ltd, Stockton-On-Tees

4 Halegrove Court Cygnet Drive Preston Farm Business Park TS18 3DB

01642 268182 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.

Floorplans


To view this property or request more details, contact:

Connect Property North East Ltd, Stockton-On-Tees

4 Halegrove Court Cygnet Drive Preston Farm Business Park TS18 3DB

01642 268182 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 (0.5 mi)
  • Thornaby (0.6 mi)
  • Eaglescliffe (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Connect Property North East Ltd, Stockton-On-Tees

4 Halegrove Court Cygnet Drive Preston Farm Business Park TS18 3DB

01642 268182 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 Inv127and128HighStreetSTOCKTON. 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 Connect Property North East Ltd, Stockton-On-Tees. 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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