Skip to content
Buy
Property for sale New homes for sale Property valuation Investors Mortgages
Rent
Property to rent Student property to rent
Find Agent
Find estate agents
House prices
Sold house prices Instant online valuation
Commercial
Commercial property to rent Commercial property for sale Advertise
Inspire
Moving stories Property news Energy efficiency Property guides Housing trends Overseas blog Mortgage guides
Overseas
All countries Spain France Portugal Italy Greece Currency Sell Overseas property

Ross Road, Stockton-On-Tees, Durham, TS18

Guide Price
£130,000

£162.50 per sq ft

Business rates & charges may apply

Mandale Group, Stockton On Tees
SIZE AVAILABLE

800-1,000 sq ft

74-93 sq m

SECTOR

Cafe for sale

USE CLASSUse class orders: A1 Shops, A3 Restaurants and Cafes, A4 Drinking Establishments, A5 Hot Food Take away, B1 Business and B2 General Industrial

A1, A3, A4, A5, B1, B2

Floor/Site plan 1
1

Key features

  • Freehold Investment For Sale Business not effected. £130,000.00 net
  • The tenant is currently paying £10,000.00 net per year
  • The property has been a cafe for nearly 40 years .
  • The current lease is for 10 years from March 1st 2020.
  • The rent is £10,000.00 per annum with a rent review in March 2025
  • There is 5.5 years left on the lease and ends Feb 28th 2030 then renewed.
  • We are holding a bond to 7 months rent which will be passed on
  • This is a wonderful Investment opportunity
  • There is no VAT payable on this property

Description

We are delighted to bring to the market this wonderful cafe investment which has been trading for nearly 40 years.

Your buying the freehold interest of the building not the business . You become the tenants Landlord.

The tenants lease is as follows.

Term- 10 years .
Start - March 1st 2020
There is a rent review March 1st 2025
The lease expiry is Feb 28th 2030 . Then reviewed.
A rental bond is being held equivalent to 7 months rent .
Annual Rent £10,000.00

Brochures

Ross Road, Stockton-On-Tees, Durham, TS18

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Thornaby Station1.0 miles
  • Stockton Station1.0 miles
  • Billingham Station2.3 miles

About Mandale Group, Stockton On Tees

MANDALE HOUSE 5 Neville Road, North Tees Industrial Estate, TS18 2RD

For over 35 years, Mandale Group have been providing businesses with much needed, high quality commercial space.

Being the developer as well as the landlord gives us an advantage; increased responsiveness to the markets evolving needs.

When you contact Mandale Group you will be dealing direct with the landlord providing you with the benefit of our no-nonsense, easy approach to business space lettings.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference RossRoadCafe. 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 Mandale Group, 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.

Map data ©OpenStreetMap contributors.

Email

Call

Email