Retail premises for sale in Bishopton Lane, Stockton-On-Tees TS18

Summary

Available For Sale By Auction a portfolio of 4 mixed use properties. The properties are situated fronting Bishopton Lane in an established mixed residential and commercial area which is approximately 1/2 mile north-west of Stockton High Street.

Surrounding properties include Stockton Registry Office, the towns railway station, medical centre, The Station public house and a number of independent traders including a pharmacist, beauticians, cafes' and takeaway.

62 Bishopton Lane
Ground floor unit leased to a Barbers, obtaining a rent of 5200 per annum. The ground, first and second floor offices have previously been utilised by the current owners and present an additional income for potential buyers. Shared kitchen and WC facilities are on the ground floor. Potential for further development (subject to planning permission).

64 Bishopton Lane
Ground floor unit leased to a local retailer (Trophy Shop), obtaining a rent of 3640 per annum. The first and second floor accommodation provides an additional income of 9468 per annum.

66 Bishopton Lane
Ground floor retail unit leased to a Dog Groomers, obtaining a rent of 4160 per annum. The first and second floor accommodation provides an additional income of 9468 per annum.

68 Bishopton Lane
Newly refurbished throughout comprising of a vacant ground floor retail unit and self contained first and second floor accommodation. (estimated rental potential iro 13,200 per annum)

Location

This residential portfolio is found along Bishopton Lane, Stockton-on-Tees. It is a short walk from town centre and all local amenities. There's easy access to all local transport too including the train station being just a few minute walk away.

Tenure

Freehold. Title numbers CE71716, CE66181, CE43804, and CE119323.

Rateable Value

The adopted rateable values are, 62 - 4,900,64 - 4,700,66 - 3,150, as of the 1st April 2023. Sourced from voa.

EPC

Awaiting confirmation.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.