Victor House, Falcon Court
Preston Farm Industrial Estate
County Durham
TS18 3TS

Modern Retail Investment

  • Two retail units within established business park
  • Part let to Greggs Plc until 2029 (subject to option)
  • Located in the centre of Falcon Court surrounded by over 30 office buildings
  • Occupiers within the Business Park include The NHS, AES Seal Plc and Home Group Limited
  • Lot
  • Auction
  • Rent
    £25,500 per Annum Exclusive
  • Status
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of administrators Moorfields
  • Victor House, Falcon Court<br>Preston Farm Industrial Estate<br>Stockton-on-Tees<br>County Durham<br>TS18 3TS
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

13 miles north-west of Darlington, 24 miles south-east of Durham, 35 miles south of Newcastle upon Tyne
A66, A19 and A1(M)
Stockton Rail
Durham Tees Valley International Airport

Falcon Court is located on the established and popular Preston Farm Business Park, just two miles south of Stockton-on-Tees town centre. The business park benefits from strong road connections via the A135, A66 and A1(M). Occupiers within the Business Park include The NHS, AES Seal Plc, Home Group Limited and Northern Powergrid. Falcon Court also benefits from a creche and dentist.


Virtual Freehold. Disposal to be by way of the grant of a new lease for a term of 999 years from completion at a peppercorn rent which shall include rights to parking.


The property comprises two ground floor retail units arranged as an L shape. The property benefit from rights to parking.


VAT is applicable to this lot.


This property is being marketed for sale on behalf of Joint Administrators 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 Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.


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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundRetail106.75 sq m(1,149 sq ft)GREGGS PLC (1)10 years from
07/02/2019 until
06/02/2029 (2)
145.39 sq m
(1,565 sq ft)
t/a Shine Hair &
Beauty (3)
10 years from
25/07/2014 until
24/07/2024 (4)
252.14 sq m
(2,714 sq ft)

(1) For the year ending 30 December 2017, Greggs Plc reported a turnover of £960,005,000, pre-tax profits of £71,945,000 and a total net worth of £284,626,000 (Source: Experian Group 07/03/2019).
(2) The lease provides a tenant option to determine on 07/02/2024.
(4) The tenant did NOT exercise their July 2019 break option and the notice period has now passed.

Property Documents

  • Catalogue Page
    Updated Date
    File Size
    961 KB
    View PDF
  • Site Plan
    Updated Date
    File Size
    586 KB
    View PDF
  • Common Auction conditions
    Updated Date
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    File Size
    36 KB
    View PDF


Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877
Seller's Solicitors
Brecher LLP 64 North Row
James Empson 0207 563

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