Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Joint LPA Receivers
Property Information
Location
Miles
6 miles east of Middlesborough, 9 miles north of Guisborough, 25 miles east of Darlington
Roads
A1065, A66, A19
Rail
Redcar Central Railway Station
Air
Durham Tees Valley International Airport
Situation
The property is situated in a prominent location on the southern side of Queen Street, just west of the main High Street retail pitch. Nearby occupiers include HSBC Bank, Barclays Bank, Holland &
Barrett and William Hill Betting Office.
Tenure
Freehold.
Location
Miles
6 miles east of Middlesborough, 9 miles north of Guisborough, 25 miles east of Darlington
Roads
A1065, A66, A19
Rail
Redcar Central Railway Station
Air
Durham Tees Valley International Airport
Situation
The property is situated in a prominent location on the southern side of Queen Street, just west of the main High Street retail pitch. Nearby occupiers include HSBC Bank, Barclays Bank, Holland &
Barrett and William Hill Betting Office.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit, with 4 selfcontained one bedroom flats on the first and second floors. The flats have self-contained access off Queen Street.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act
Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit, with 4 selfcontained one bedroom flats on the first and second floors. The flats have self-contained access off Queen Street.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act
Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Retail
235 sq m
(2,529 sq ft)
PERTEMPS PEOPLE DEVELOPMENT GROUP LIMITED (1)
5 years from 16/11/2011 on a full repairing and insuring lease
£33,000
15/11/2016
First/Second
Residential – Flat A
1 Bedroom Flat
INDIVIDUAL
12 month AST from 12/12/2013 (2)
£3,600
11/12/2014 (2)
Residential – Flat B
1 Bedroom Flat
INDIVIDUAL
12 month AST from 16/12/2014
£3,540
15/12/2015
Residential – Flat C
1 Bedroom Flat
INDIVIDUAL
12 month AST from 13/12/2014
£3,540
12/12/2015
Residential – Flat D
1 Bedroom Flat
INDIVIDUAL
6 month AST from 21/11/2014
£3,540
20/05/2015
Totals
235 sq m
(2,529 sq ft)
£47,220 (3)
(1) Pertemps People Development Group, established in 1997, assists in getting the long-term unemployed into sustained employment. PPDG has more than 40 centres across the UK and employs around 800 staff. (Source: http://www.ppdg.co.uk 19/02/2015) (2)The tenant of Flat A is holding over. A new lease is due to be completed imminently. (3)The rent for the residential flats has been annualised.
