Commercial Development in TS18

High Street, Stockton, Stockton-on-Tees, Durham, TS18 1PL

Brochure

Tenure: Unknown

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Starting bid£60,000

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Key Information

Parking: On Street

Property features

Leasehold upper-floor commercial premises
Central High Street location
Development Opportunity STPP
Full renovation and refurbishment required
Grade II Listed building

Commercial Development in TS18

For sale via secure sale online bidding - terms and conditions apply.

An excellent development opportunity to acquire substantial upper-floor commercial premises situated in a prominent High Street location in the heart of Stockton-on-Tees.

The property is Grade II Listed and comprises accommodation positioned above two ground-floor retail units, which are not included in the sale. The interest being offered is leasehold and prospective purchasers should refer to the legal pack for full details of the lease, title and extent of the property being sold.

The accommodation is currently in need of a comprehensive programme of renovation and refurbishment throughout, presenting an opportunity for an investor or developer to restore and repurpose this characterful listed building.

We are advised there was previously a planning permission application for conversion into self-contained residential accommodation, with schemes providing for either five or seven self-contained flats. This offers considerable potential for residential redevelopment, subject to the terms and current status of the relevant planning and listed building consents. We are advised this application was withdrawn due to a change in the owners circumstances. Buyers should make their own enquiries with the local planning authority and satisfy themselves regarding all permissions prior to bidding.

Given the property's listed status, purchasers should be aware that renovation and alteration works may require Listed Building Consent and will need to be undertaken with appropriate regard to the building's historic character.

Located on High Street, Stockton-on-Tees, the property occupies a central position with convenient access to local shops, amenities and transport connections.

Important Information: Prospective purchasers are advised to inspect the legal pack and satisfy themselves as to the exact extent of the leasehold title, lease terms, planning permission, Listed Building Consent requirements and the current validity and conditions of all relevant consents before bidding.

Location

Located on High Street, Stockton-on-Tees, the property occupies a central position with convenient access to local shops, amenities and transport connections.

Tenure

Leasehold. Title number CE253062.

EPC

We await a copy of the energy performance certificate.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial.ne@pattinson.co.uk. 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.

Videos

Virtual Tour

Open map Street view

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4000 which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

Rights and Restrictions

Is listed building: No
Is conservation area: No

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