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.
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
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.
VAT is not applicable to this lot
EPC Rating – C
Completion – 6 weeks
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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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.
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