131 High Street
Stockton on Tees
Cleveland
TS18 1LP

Freehold Retail Investment

  • Prime pedestrianised town centre location
  • 30m from the Wellington Square Shopping Centre
  • Neighbouring occupiers include Caffè Nero, Shoe Zone, Greggs, New Look, Halifax, HSBC and Lloyds Bank
  • Lot
    26
  • Auction
    23/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    Withdrawn Prior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
Important Auction & Property Update
  • 131 High Street<br>Stockton on Tees<br>Cleveland<br>TS18 1LP
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
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
£29,50004/07/2021
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).

Property Documents

  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    625 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.19
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Blackstone Solicitors The Courtyard , 7 Francis Grove, Wimbledon
London
London
SW19 4DW
Fraz Hussain 02080 719 520f.hussain@blackstonesolicitors.com

Useful Links

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