High Street
- Unsold at auction
- 22 november 2023
- ***for sale via auction***
- Epc rating - d
Imposing building occupying a prominent high street position.
Council Tax Band: Contact branch
Tenure: Freehold
An imposing commercial unit situated in a central location along Stockton High Street, near to the Wellington Square Shopping Precinct, parking and with bus stops outside to the surrounding districts. This period property was a former site of Woolworths and is now tenanted to a charity on a 10 year lease from 27th September 2021 with a current rent payable of £30,000 per annum. This spacious building has been much improved over recent years and offers useful space over three floors with additional room in the basement for storage and continues across the rear of no. 142 High Street and onto Ropery Street. The ground floor briefly comprises of impressive open entrance area leading through to hallway with several rooms on either side including WC and kitchen area. First and second floor offers huge potential due to the space provided on each floor.
The property previously had planning consent for the creation of nine residential units and the creation of roof terraces and associated external alterations including a part change of use on the ground floor level, from retail to residential. Further details can be found on Stockton on Tees Borough Council planning portal using Ref: 19/1816.FUL
Due to the property being sold with the tenants in situ, there will be no internal viewings available prior to the auction. Interested parties are advised to obtain a copy of the auction legal pack with further details prior to bidding.
Accommodation
Lower Ground Floor: Ancillary Basement/ Storage.
Ground Floor: Entrance, Hallway, Several Classrooms, WC, Kitchen and Social Area.
First Floor: Classrooms and Open Space (Currently Unused)
Second Floor – Loft Area, Currently Just Used for Storage.
Tenure:
Freehold.
EPC Rating D
Enquiries:
Manners and Harrison, 23 High Street, Stockton on Tees, TS18 1SP Tel. 01642 606161
***REDUCED GUIDE PRICE: £250,000 + VAT***
Important Notice:
For each Lot, a contract documentation fee of £1500 (inclusive of VAT) is payable to the Auctioneers by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
**PLEASE CONTACT THE AUCTIONEERS AT LeedsAuctions@williamhbrown.co.uk TO REQUEST A COPY OF THE LEGAL PACK, IF THIS IS AVAILABLE WE CAN EMAIL IT OVER TO YOU**
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst the auctioneers make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
Registration for bidding online will close the Friday before the auction sale. Please ensure you register and submit all the details and documents required in time. Without authorisation to bid prior to the sale you will be unable to bid in the auction.
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