144 High Street Stockton-On-Tees County Durham TS18 1LX

144 High Street
Stockton-On-Tees
County Durham
TS18 1LX

Freehold Retail Investment

Prominently situated in the town centre 100 metres from Wellington Square Shopping Centre
Substantial retail unit with significant frontage
Nearby occupiers include Marks & Spencer, H Samuel, New Look, The Money Shop, Greggs and Superdrug

Lot
59
Auction
14th February 2018
Rent
£103,250 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Prominently situated in the town centre 100 metres from Wellington Square Shopping Centre
Substantial retail unit with significant frontage
Nearby occupiers include Marks & Spencer, H Samuel, New Look, The Money Shop, Greggs and Superdrug

Lot 59
Auction 14th February 2018
Rent £103,250 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 3 miles west of Middlesbrough, 30 miles south of Newcastle, 43 miles north of York
Roads: A66, A19, A1
Rail: Stockton Station, Thornaby Station
Air: Durham Tees Valley Airport

Situation

The property is prominently situated on the west side of High Street, close to the main entrance to Wellington Square Shopping Centre . Nearby occupiers include Marks & Spencer, H Samuel, New Look, The Money Shop, Greggs and Superdrug.

Tenure

Freehold.

Location

Miles: 3 miles west of Middlesbrough, 30 miles south of Newcastle, 43 miles north of York
Roads: A66, A19, A1
Rail: Stockton Station, Thornaby Station
Air: Durham Tees Valley Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial retail unit with retail accommodation on the ground floor and ancillary accommodation on the first and second floors. The property benefits from a service entrance located on Ropery Street.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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 First Second	Retail Ancillary Ancillary	790.90 sq m 641.20 sq m 91.71 sq m	(8,513 sq ft) (6,902 sq ft) (987 sq ft)	MATCHURBAN (1)	15 years from 31/07/2005 on a full repairing and insuring lease	£103,250	30/7/2020
Total		1,523.81 sq m	(16,402 sq ft)			£103,250