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High Street, Stockton-on-Tees, Durham, TS18 1SP

Guide Price
£225,000

Business rates & charges may apply

Pattinsons, Pattinsons Auction- National Auctioneer
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SECTOR

High street retail property for sale

Key features

  • Titles CE37978, CE43866 and CE47568
  • First Time Available on the Market Since 1977
  • Car Park to The Rear Included
  • Established Occupiers Since 2000 and 2010
  • Freehold tenanted investment available for sale by auction

Description

**Being sold via Secure Sale online bidding. Terms & Conditions apply**

Hitting the market for the first time since 1977, this property was formerly a fruit and vegetable warehouse owned by J Wolsey and Son Limited. Rebuilt in 1978 by Baker and Collinson, it reopened as an estate agency.

The front wall was preserved to comply with conservation area rules on the High Street, while the rest of the building is entirely modern.
This unique investment opportunity includes two retail units currently generating an annual rent of £24,000 and a car park at the rear. The property is split into three separate title deeds.
Interestingly, the tenants, in place since June 2000 and September 2010, have not seen rent increases, except for 24 High Street, which was reviewed in June 2005. The rear car park offers potential for additional income or development, subject to planning approval.
The car park belongs to the property, with the Sun Inn having only a pedestrian right of way for emergency exits. There are no rights of way for customers, contractors, or deliveries. The car park is designated for 24A High Street tenants, who have two parking spaces, while also offering potential for development with the required planning permissions.

Please note we have not inspected the property.

Location

A High Street location with neighbouring businesses including estate agents, banks, licensed premises, independent shops, and national retailers like B&M and Poundland, alongside landmarks such as the newly redeveloped Globe Theatre and the Wellington Square Shopping Centre.

Accomoodation

Unit - 24 High Street - 510.86sqft - 47.46sqm - Occupied
Unit - 24A High Street - 593.09sqft - 55.10sqm - Occupied
Outdoor - Car Park - 7,287.17sqft - 677sqm - Available
Total - 8,391.12sqft - 779.56sqm

Tenure

Freehold, title numbers CE37978, CE43866 and CE47568

EPC

Available upon request. Ratings:
24 - B
24a - E

Rateable Value

24 - Current rateable value (1 April 2023 to present) £3,500
24a - Current rateable value (1 April 2023 to present) £2,475
Sourced from VOA

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

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 fee which could be up to 7,200 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

High Street, Stockton-on-Tees, Durham, TS18 1SP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stockton Station0.4 miles
  • Thornaby Station0.6 miles
  • Eaglescliffe Station2.9 miles

About Pattinsons, Pattinsons Auction- National Auctioneer

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 457780. 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 Auction- National Auctioneer. 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 Auction- National Auctioneer on 0191 625 0964.

*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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