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
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
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.
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
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.
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
(1) Matchurban were incorporated in 1990 and are a subsidiary of DC Gaming Limited. The tenant is not currently in occupation of the property.