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
    28/Oct/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
  • Sordfish House<br>Falcon Court,  Preston Farm Business Park<br>Stockton-on-Tees<br>TS18 3TS
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  • Photos
  • Map

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

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.

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.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground Restaurant
136.00 sq m
(1,464 sq ft)
INDIVIDUALS t/a
Buddy’s Cafe
6 years from
28/09/2020 on a full
repairing and
insuring lease
27/09/202601/06/2023
to RPI
Total
136.01 sq m
(1,464 sq ft)   £12,000 

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    27.10.20
    File Size
    11 MB
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  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    4 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    482 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Brecher LLP 64 North Row
London
W1K 7DA
James Empson 0207 563 1039jempson@brecher.co.uk

Useful Links

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