For Sale By Auction | 19:00, 11 December 2018 | Lot 16

52 & 53 Prince Regent Street, Stockton-On-Tees, Cleveland, TS18 1DF

*Guide | £50,000+ (plus fees)

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 0191 908 9691 for more information

Auction Date

Tue 11/12/2018

Auction Time

19:00

Auction Venue

Ramside Hall Hotel Carrville, Durham, DH1 1TD

LARGE COMMERCIAL UNIT CURRENTLY LET RETURNING £9000 PER ANNUM

Located in a great spot of the popular Prince Regent Street in Stockton this large commercial unit is on offer with sitting tenants under agreement until March 2023. Currently returning £9000 per annum this property offers itself as a great investment opportunity with a superb yield and two growing businesses under tenancy. The property comprises, two large retail spaces, store room, kitchen, male and female toilets. Located at the busier end of Prince Regent Street and surrounded by other retail premises in a good foot flow area viewing is highly recommended to see exactly what is on offer. The property comes fully alarmed and with CCTV with also benefits from an installation of double glazed safety glass. Current tenant usage is gift / bric-a-brac shop and photography studio. Floor Space of approx 160sq meters.

Tenure

See Legal Pack

Viewing

Strictly by appointment.

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Stockton-on-Tees Borough Council

Solicitors

Jacksons Law, Preston Farm Industrial Estate, 17 Falcon Court, Stockton on Tees, TS18 3TU, Tel: 01642 336500

Additional Fees

Buyer's Premium - £1500 inc VAT payable on exchange of contracts.

Administration Charge - £900 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.