Sordfish House Falcon Court, Preston Farm Business Park Stockton-on-Tees TS18 3TS

Sordfish House
Falcon Court, Preston Farm Business Park
Stockton-on-Tees
TS18 3TS

Restaurant/Cafe Investment

Let until 2026 (no breaks) t/a Buddy's Cafe
Located within established business park
Strong road connections via the A66, A19 and A1(M)
Occupiers within the Business Park include The NHS, AES Seal Plc and Northern Powergrid

Lot
22
Auction
28th October 2020
Rent
£12,000 per Annum Exclusive
Status
Sold
Price
£151,000
Auction Venue
Live Streamed Auction
On Behalf of Administrators at Moorfields

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Restaurant/Cafe Investment

Let until 2026 (no breaks) t/a Buddy's Cafe
Located within established business park
Strong road connections via the A66, A19 and A1(M)
Occupiers within the Business Park include The NHS, AES Seal Plc and Northern Powergrid

Lot 22
Auction 28th October 2020
Rent £12,000 per Annum Exclusive
Status Sold
Price £151,000
Sector
Restaurant
Auction Venue
Live Streamed Auction
On Behalf of Administrators at Moorfields

Property Information

Location

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

Situation

Falcon Court is made up of 36 office pavillions and 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 and Northern Powergrid. Falcon Court also benefits from a crche, dentist, Greggs and hairdresser.

Tenure

Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.

Location

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

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.

Description

The property comprises a single storey restaurant/ caf with the benefit of use of shared car parking with other buildings on the estate.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

Band C. See legal pack.