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

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

Restaurant/Takeaway Investment

Let to Indian takeway t/a Rhythm of Spices Indian Takeaway and Restaurant until 2035
3 yearly upward only rent reviews
Approx. 59.60 sq. m. (642 sq. ft.)
Situated within a well established local shopping precinct
Excellent road connections
Located adjacent to the 780 home Meadow Rise Housing Development

Lot
41
Auction
26th March 2026
Rent
£7,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Restaurant/Takeaway Investment

Let to Indian takeway t/a Rhythm of Spices Indian Takeaway and Restaurant until 2035
3 yearly upward only rent reviews
Approx. 59.60 sq. m. (642 sq. ft.)
Situated within a well established local shopping precinct
Excellent road connections
Located adjacent to the 780 home Meadow Rise Housing Development

Lot 41
Auction 26th March 2026
Rent £7,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Retail, Takeaway
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 restaurant 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 24 are being offered separately as Lots 35, 36, 40 and 42.

Completion Period

8 week completion available.

EPC

Band C.

Description

The property comprises a restaurant 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 24 are being offered separately as Lots 35, 36, 40 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.x.	Rent Review
Ground	Retail	59.60	(642)	RHYTHM OF SPICES LTD with two personal guarantors (t/a Rhythm of Spices Indian Takeaway and Restaurant)	10 years from 15/03/2025 (1)	£7,000 (2)	15/03/2028 15/03/2031 15/03/2034 (3)
Total		59.60	(642)			£7,000

N.B. The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(1) The lease provides for a tenant option to determine the lease on the 14/03/2030.
(2) A rent deposit of £2,100 is held by the Landlord.
(3) 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.