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NEXT AUCTION - THURSDAY 9TH DECEMBER 2.30PM - Click here to view

Lot - Upper floors at, 148-149 High Street, Stockton-on-Tees, TS18 1PL Auction Lot £45,000+ - Auction Estates

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The Nottingham Racecourse


09 December 2021

148-149 High Street, Stockton-on-Tees, TS18 1PL

Guide Price: £45,000+


Key Features

  • Long leasehold first & second floor town centre property
  • Above Costa Coffee next to Wellington Square retail precinct
  • Total gross floor area approx 4,000sq ft
Draft Details Only

An opportunity to acquire extensive first & second floor accommodation of circa 4,000sq ft above Costa & adjacent to a new multi-million pound music & comedy venue in Stockton Town Centre

• Long leasehold first & second floor town centre property
• Above Costa Coffee next to Wellington Square retail precinct
• Adjacent to Stockton Globe, a multi-million pound development
• Stockton Globe is to provide a 3,000sq ft music & comedy venue
• Ground floor entrance door adjacent to Stockton Globe
• Total gross floor area approx 4,000sq ft
• Would suit conversion to residential (STP)
• In need of full refurbishment throughout
• Providing a mix of both open plan & cellular offices
• WC facilities to both floors
• Good natural light from windows front & rear
• Fire escape to rear leading to Wellington Square
• Suitable for developers & investors
• An internal viewing is highly recommended

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Viewings

Please contact Auction Estates on 0115 7844 600

Important Notices

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased.

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.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Offered for sale on a new long leasehold for a term of 250 years at a peppercorn rent, with vacant possession

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