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AGENT'S DETAILS


Stockton-on-Tees – Freehold Coral Betting Shop Investment

For sale: £115,000.00|687 Sq Ft|Retail, General Retail

PROPERTY DETAILS

FOR SALE£115,000.00
SIZE687 Sq Ft
ADDRESS69/69a Durham Road, Stockton-on-Tees, Cleveland TS19 0BP
TYPERetail, General Retail
TENUREFor Sale Freehold
POSTED ON31st May 2020

DESCRIPTION

Investment Consideration:
The property comprises of corner building two floors arranged as a ground floor retail unit.
Prominent Corner Location. The premises benefit from an existing A2 planning consent.
Let to Coral Racing Ltd till 2027. No Breaks  (tenant not in occupation).
Asset Management Opportunity – potential for dilapidations.
VAT is NOT applicable to this property.
Nearby occupiers include a local dog groomers, industrial estate. Amongst other local traders.

Property Description:
The property comprises of corner building two floors arranged as a ground floor retail unit.

The property provides the following accommodation and dimensions:
Ground Floor Retail/Ancillary: 63.82 sq m (687 sq ft)
Gross Frontage: 7.62 m (25 ft)

Tenancy:
The shop is at present let to Coral Racing Ltd for a term of 16 years from 28th February 2011 at a current rent of £5,727 per annum and the lease contains full repairing and insuring covenants. The tenant is not in occupation.

Location:
Stockton-on-Tees is a major commercial centre located approximately 30 miles south of Newcastle upon Tyne and 4 miles west of Middlesbrough. The town benefits from excellent road communications, being two miles west of the A19 link road and one mile north of the A66 dual carriageway, which links the A19 with the A1(M) Motorway. Stockton-on-Tees is a market town in County Durham, England. The town has a population of 85,000, with a population of around 196,000 in the wider area, the Borough of Stockton-on-Tees, according to 2017 estimates by ONS UK.

LOCATION

Location: 69/69a Durham Road, Stockton-on-Tees, Cleveland TS19 0BP

Stockton (0.2 miles)

Thornaby (1.1 miles)

Billingham (3.0 miles)

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