Retail in TS18
Bishopton Lane, Stockton-on-Tees, Durham, TS18 2AJ
Online auction
Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk
Retail in TS18
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)
Summary
- Property Type: Retail
- Tenure: Freehold
- Parking: On Street
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 0191 737 1154, or alternatively via e-mail on commercial@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.
This property is being sold subject to unconditional reservation fee auction terms and conditions.
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% 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 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
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
There is no legal pack for this property.
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