Neighbouring occupiers include Caffè Nero, Shoe Zone, Greggs, New Look, Halifax, HSBC and Lloyds Bank
Lot 26
Auction 23rd May 2019
Rent £29,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
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 at the junction of the pedestrianised High Street and Dovecot Street, 30 metres from the main entrance to Wellington Square Shopping Centre. Neighbouring occupiers include Marks & Spencer, Greggs, New Look, River Island and Halifax, HSBC and Lloyds Banks.
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 at the junction of the pedestrianised High Street and Dovecot Street, 30 metres from the main entrance to Wellington Square Shopping Centre. Neighbouring occupiers include Marks & Spencer, Greggs, New Look, River Island and Halifax, HSBC and Lloyds Banks.
Tenure
Freehold.
Description
The property comprises a corner retail unit with ground floor retail accommodation and first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E. See legal pack at acuitus.co.uk.
Description
The property comprises a corner retail unit with ground floor retail accommodation and first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail Ancillary
46.30 sq m 51.73 sq m
(498 sq ft) (557 sq ft)
DAWSON & SANDERSON LTD (1)
5 years from 05/07/2016 on a full repairing and insuring lease
£29,500
04/07/2021
Totals
98.03 sq m
(1,055 sq ft)
£29,500
(1) For the year ending 31st August 2017, Dawson & Anderson Ltd reported a turnover of £9,918,013, a pre-tax profit of £310,624 and a total net worth of £4,423,082 (Source: Experian Group 25/04/2019).