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 Available
Guide* £75,000
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.
