Retail Property (High Street)
Although the former tenants (Thomas Cook) have vacated the property their lease does not expire until December 25th 2019, paying £57,000 p.a. The property would suit an owner occupier or investor with a commercial property portfolio. The premises may suit conversion to residential subject to the obtaining the necessary planning consents.
Middlesbrough is the major town within the Teesside conurbation. The town is located 40 miles south of Newcastle upon Tyne, 50 miles north of York and 64 miles north of Leeds. The A19 provides access to Junction 60 of the A1(M), 16 miles to the north-west, and the A66 provides access to Junction 57 of the A1(M), 19 miles to the west.
The property is located on the west side of Linthorpe Road in Middlesbrough town centre and within close proximity to the Cleveland Shopping Centre. The A66 and Middlesbrough Rail Station both lie some 0.4 miles north of the property.
137.3 sq m (1478 sq ft)
105.1 sq m (1131 sq ft)
113.1 sq m (1217 sq ft)
Freehold. Commercial investment.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
