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

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

Convenience Store Investment

Asian Food Store let until October 2030
Annual upward only rent reviews
Approx. 154.33 sq. m. (1,661 sq. ft.)
Situated within a well established local shopping precinct
Excellent road connections
Located adjacent to 780 home Meadow Rise Housing Development

Lot
36
Auction
26th March 2026
Rent
£9,210 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Convenience Store Investment

Asian Food Store let until October 2030
Annual upward only rent reviews
Approx. 154.33 sq. m. (1,661 sq. ft.)
Situated within a well established local shopping precinct
Excellent road connections
Located adjacent to 780 home Meadow Rise Housing Development

Lot 36
Auction 26th March 2026
Rent £9,210 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Status Withdrawn Post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 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

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 18, 22A & 22B, 24 and 31 are being offered separately as Lots 35, 40, 41 and 42.

Completion Period

8 week completion available.

EPC

Band C.

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 18, 22A & 22B, 24 and 31 are being offered separately as Lots 35, 40, 41 and 42.

Completion Period

8 week completion available.

EPC

Band C.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.	Rent Review
Ground	Retail	154.33	(1,661)	MGB TEESSIDE LTD with personal guarantor (t/a SM Teesside Asian Store) (1)	10 years from 01/11/2020 (2)	£9,210 (4)	01/11/2026 01/11/2027 01/11/2028 01/11/2029 (3)
Total		154.33	(1,661)			£9,210

N.B. The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(1) The operator was trading from a smaller unit within the parade but opted to expand into this larger unit in 2020.
(2) The lease provides for a landlord option to determine upon serving 3 months written notice at anytime.
(3) The rent reviews are upward only, linked to RPI or Open Market Value, whichever is the greatest.
(4) A rent deposit of £1,650 is held by the Landlord.

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.