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Bishopton Lane, Stockton-on-Tees, Durham, TS18 2AJ

Guide Price
£395,000

£131.67 per sq ft

Business rates & charges may apply

Pattinsons, Pattinsons Commercial North East
SIZE AVAILABLE

3,000 sq ft

279 sq m

SECTOR

High street retail property for sale

Description

Available For Sale By Auction a portfolio of 4 mixed use properties. The properties are situated fronting Bishopton Lane in an established mixed residential and commercial area which is approximately 1/2 mile north-west of Stockton High Street.

Surrounding properties include Stockton Registry Office, the towns railway station, medical centre, The Station public house and a number of independent traders including a pharmacist, beauticians, cafes' and takeaway.

62 Bishopton Lane
Ground floor unit leased to a Barbers, obtaining a rent of £5200 per annum. The ground, first and second floor offices have previously been utilised by the current owners and present an additional income for potential buyers. Shared kitchen and WC facilities are on the ground floor. Potential for further development (subject to planning permission).

64 Bishopton Lane
Ground floor unit leased to a local retailer (Trophy Shop), obtaining a rent of £3640 per annum. The first and second floor accommodation provides an additional income of £9468 per annum.

66 Bishopton Lane
Ground floor retail unit leased to a Dog Groomers, obtaining a rent of £4160 per annum. The first and second floor accommodation provides an additional income of £9468 per annum.

68 Bishopton Lane
Newly refurbished throughout comprising of a vacant ground floor retail unit and self contained first and second floor accommodation. (estimated rental potential iro £13,200 per annum)

Location

This residential portfolio is found along Bishopton Lane, Stockton-on-Tees. It is a short walk from town centre and all local amenities. There's easy access to all local transport too including the train station being just a few minute walk away.

Tenure

Freehold. Title numbers CE71716, CE66181, CE43804, and CE119323.

Rateable Value

The adopted rateable values are, 62 - £4,900, 64 - £4,700, 66 - £3,150, as of the 1st April 2023. Sourced from VOA.

EPC

Awaiting confirmation.

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 referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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.

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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

Bishopton Lane, Stockton-on-Tees, Durham, TS18 2AJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stockton Station0.1 miles
  • Thornaby Station0.9 miles
  • Billingham Station3.0 miles

About Pattinsons, Pattinsons Commercial North East

Kingfisher Way Silverlink, Wallsend, NE28 9NY

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 452827. 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 Pattinsons, Pattinsons Commercial North East. 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.

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 Pattinsons, Pattinsons Commercial North East on 0191 743 9260.

*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.”

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