26 Yarm Lane, Stockton-On-Tees, TS18 1ET

Freehold ground floor lock up retail with unit Class E (Hot Food Takeaway) Use – Investment

Total rent reserved £7,200 per annum

For sale by Auction – Terms & Conditions Apply, Enquire for more details.
Considering offers prior to auction.

Description
Ground floor retail unit approximately 63 sq. meters (678 sq. ft) comprising a customer service and waiting area, cooking area, large preparation room and a store

Tenancy
Let to Project Outfitters Limited on a lease for a term of 5 years from 1/9/2022 at a rent of £600 per month. Break clause – 3 months’ notice. Next rent review due 2025.
Note: There is a 2-month rent free concessionary period, whereby payment of the rent will commence from 1/11/2022.

Tenure
Freehold
VAT
VAT is not applicable to this lot

EPC Rating – C
Completion – 6 weeks

Location
Stockton on Tees is located on the west of Middlesbrough on the A66. The property is situated in a retail parade serving a mixed residential and commercial catchment area within in the centre of Stockton on Tees on Yarm Lane which runs between the High Street and Oxbridge Lane. Public transport includes Thornaby railway station. Recreation facilities can be found at Ropner Park.
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Buyer’s Premium
Applies under the fall of the hammer. The purchaser shall pay 10% deposit, plus, in addition a buyer’s premium of 2% of the sale price, minimum of £4,000 + VAT upon exchange of contracts.

Please feel free to contact our sales and enquires team on 01636 558200 or Email us at sales@nalcgroup.co.uk

When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti Money Laundering Act.

• Refer to Terms & Conditions: Click Here.
• Legal Packs: Signed-Lease-26-Yarm-Lane-01.09.22.zip