23-24 High St 3,063 SF 85% Leased Retail Building Stockton On Tees TS18 1SP For Sale

A High Street location with neighboring businesses including estate agents, banks, licensed premises, independent shops, and national retailers like B&M and Poundland, alongside landmarks such as the newly redeveloped Globe Theatre and the Wellington Square Shopping Centre.
Freehold tenanted investment available for sale by auction. Starting Bids £225,000. Passing rent of £24,000 PA. Plus car park to the rear Hitting the market for the first time since 1977, this property was formerly a fruit and vegetable warehouse owned by J Wolsey and Son Limited. Rebuilt in 1978 by Baker and Collinson, it reopened as an estate agency. The front wall was preserved to comply with conservation area rules on the High Street, while the rest of the building is entirely modern. This unique investment opportunity includes two retail units currently generating an annual rent of £24,000 and a car park at the rear. The property is split into three separate title deeds. Interestingly, the tenants, in place since June 2000 and September 2010, have not seen rent increases, except for 24 High Street, which was reviewed in June 2005. The rear car park offers potential for additional income or development, subject to planning approval. The car park belongs to the property, with the Sun Inn having only a pedestrian right of way for emergency exits. There are no rights of way for customers, contractors, or deliveries. The car park is designated for 24A High Street tenants, who have two parking spaces, while also offering potential for development with the required planning permissions.
Freehold Sale. Starting Bids £225,000 Car Park to The Rear Included Titles CE37978, CE43866 and CE47568 Established Occupiers Since 2000 and 2010 First Time Available on the Market Since 1977 24 High Street EPC Rated B 24A High Street EPC Rated E refundable reservation fee of up to 6% inc VAT (subject to a minimum of £7,200 inc VAT) is also required to be paid upon agreement of sale. 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 necessary or beneficial to the customer to pass their 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]]>