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Stockton, 69 Durham Road

Rent: £5,657 - £5,657

Region: Teesside

Town/City: Stockton on Tees


SITUATION
The property is located about 1 mile west of Stockton town centre in the centre of a large suburban residential area. The building occupies a prominent corner position on Durham Road and would be suitable for a variety of different uses subject to planning.

 

ACCOMMODATION
Arranged over ground floor only with rear stores/kitchen and customer/staff WC facilities.

Ground Floor Sales 46m2 497ft2
Rear Stores/Staff Kitchen 17m² 190ft²

LEASE TERMS
The premises are occupied by way of an existing effective FRI lease expiring 27th February 2027 at a passing rental of £5,657 per annum exclusive.  Sub Leases and Short-Term Deals will be considered subject to negotiation.

 

EPC
The property has an Energy Performance Certificate of Band E (113). A copy of the EPC is available upon request.

 

BUSINESS RATES

Rateable Value £3,776
2020/2021 UBR £0.499
Estimated Rates Payable £1,884

Given the Rateable Value is below £12,000, the current rates relief for the property equates to 100% discount for most occupiers. Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

 

COSTS
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

 

VIEWING
For enquiries, viewing, and general information, please contact:
Jonathan Chapman
E: jonathan@atretail.co.uk
T: 0191 280 4237
M: 07949 938210

Property type: Retail

Rateable value: £3776

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