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Lot 27 Click here for addendum

6 Week completion

SITUATION

Occupying a prominent trading position adjacent to Age UK and opposite the Castle Gate Shopping Centre in the main retail thoroughfare being amongst other such multiples as Betfred, Specsavers, NatWest, British Heart Foundation, Boots, Iceland and many more.
Stockton lies some 3 miles west of Middlesbrough, 30 miles south of Newcastle-upon-Tyne and enjoys excellent road access with the A66 and A19.

PROPERTY

A mid-terrace building comprising a Ground Floor Shop and Basement with internal access to Ancillary Accommodation at first and second floor levels.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 16'5"
Internal Width 14'7"
Shop Depth 78'8"
Built Depth 82'10"
Sales Area Approx. 1,050 sq ft plus WC
Basement (max height 5'5") Approx. 840 sq ft
First Floor Storage
Approx. 635 sq ft
Second Floor Storage
(currently used as a flat) Approx. 645 sq ft

Total Area Approx. 3,170 sq ft

VAT is applicable to this Lot

FREEHOLD

TENANCY

The entire property is let to G. Peacock as a Gaming Café (visit: www.gameonretro.com) for a term of 5 years from 18th August 2014 at a current rent of £7,000 per annum exclusive.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

99 High Street, Stockton-on-Tees, Cleveland TS18 1BD