24 High Newham Court Stockton-on-Tees County Durham TS19 8PD

  • 24 High Newham Court<br>Stockton-on-Tees<br>County Durham<br>TS19 8PD

24 High Newham Court
Stockton-on-Tees
County Durham
TS19 8PD

Convenience Store Investment

  • Substantial discount supermarket let until March 2040 (no breaks)
  • Upward only 5 yearly rent reviews
  • Approx. 401.59 sq. m. (4,323 sq. ft.)
  • Situated within a well established local shopping precinct
  • Excellent road connections
  • Located adjacent to the 780 Home Meadow Rise Housing Development
  • Lot
    35
  • Auction
    26th March 2026
  • Rent
    £7,500 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    Live Streamed Auction
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Convenience Store Investment

  • Substantial discount supermarket let until March 2040 (no breaks)
  • Upward only 5 yearly rent reviews
  • Approx. 401.59 sq. m. (4,323 sq. ft.)
  • Situated within a well established local shopping precinct
  • Excellent road connections
  • Located adjacent to the 780 Home Meadow Rise Housing Development
  • Lot 35
  • Auction 26th March 2026
  • Rent £7,500 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail, Supermarket/Convenience
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
30 miles south of Newcastle-upon-Tyne, 4 miles west of Middlesbrough
Roads
A19, A66, A135, A1
Rail
Stockton Railway Station
Air
Teesside International Airport
Situation

The property is situated on the North side of High Newham Road within a well established shopping precinct in a prominently residential area and benefits from excellent local communications. Nearby occupiers include Greggs, University Hospital of North Tees and a range of local businesses.

Tenure

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

Location
Miles
30 miles south of Newcastle-upon-Tyne, 4 miles west of Middlesbrough
Roads
A19, A66, A135, A1
Rail
Stockton Railway Station
Air
Teesside International Airport
Situation

The property is situated on the North side of High Newham Road within a well established shopping precinct in a prominently residential area and benefits from excellent local communications. Nearby occupiers include Greggs, University Hospital of North Tees and a range of local businesses.

Tenure

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

Description

The property comprises a retail unit arranged on the ground floor and forms part of a larger retail parade with residential flats on the floors above, which are not included in the sale.

VAT

VAT is applicable to this lot.

Note

Units 14, 18, 22A & 22B and 31 are being offered separately as Lots 36, 40, 41 and 42.

Completion Period

8 week completion available.

EPC

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

Description

The property comprises a retail unit arranged on the ground floor and forms part of a larger retail parade with residential flats on the floors above, which are not included in the sale.

VAT

VAT is applicable to this lot.

Note

Units 14, 18, 22A & 22B and 31 are being offered separately as Lots 36, 40, 41 and 42.

Completion Period

8 week completion available.

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m		 Floor Areas
Approx sq ft		 Tenant Term Rent p.a.x. Rent Review
Ground
Ground		 Retail
Ancillary
319.48
82.11
(4,323)
(884)
 P&O LOGISTICS (t/a Dart Foods) 15 years from 10/03/2025 until 09/03/2040
£7,500
(1)
10/03/2030
10/03/2035
(2)
Total  
401.59
(4,323)
    
£7,500
  

N.B. The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(1) A rent deposit of £2,250 is held by the Landlord.
(2) The rent reviews are upward only, linked to RPI or Open Market Value, whichever is the greatest.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Johnsons Solicitors Limited 92 London St
Reading
Berks
RG1 4SJ
Tim Clift 01189 227 220tim@johnsons-law.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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