Property photos
Guide price
£135,000
(£216.35/sq. ft)
Retail premises for sale
Station Road, Billingham TS23624 sq. ft
Local area information
Property location
Nearby amenities
- Billingham South Community Primary School 0.4 miles
- St John the Evangelist Roman Catholic Voluntary Aided Primary School 0.5 miles
- Billingham 1 mile
- Stockton 2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Billingham to find out more about the local area.
Features and description
- Popular neighbourhood parade of shops
- Total income of 12,000 per annum
- Ground floor retail unit and 2 bedroom flat
- A19 is less than a mile to the west
- Enclosed rear yard
Summary
*For sale via secure sale online bidding: Terms and conditions apply.*
Freehold tenanted investment opportunity available for sale. The mixed use premises are situated on a popular neighbourhood parade of shops in Billingham on the south side of Station Road.
The ground floor retail unit is currently leased to a florist on fully repairing and insuring terms at 7,200 per annum. The premises briefly comprise of a double fronted unit with electric roller shutter. Open plan retail space with storage cupboards. Kitchen area with plumbing for an automatic washer and walk in storage.
The first floor is accommodation is accessed from the rear of the property and comprises of of 2 bedroom accommodation which is currently leased on an AST with an income of 4,800 per annum.
The property also benefits from a large garage space to the rear of the property; although this space is not currently accessible for use as a garage, as the door is fixed in place, it offers a large storage space which could be rented in addition to the shop tenant's space, or for private use.
Neighbouring occupiers include Newsagents, off-licence and general store, fish and chip shop, cafes, barbers, hairdressers and cafe, coffee shop, vets, funeral parlour and bridal and prom specialist retailer. The A19 is less than a mile to the west of the premises and provides excellent access to the local region.
Location
The subject property is located within an established parade of retail premises on Station Road, Billingham, Teesside. The location is surrounded by significant residential development and benefits from passing trade. Access is provided to other parts of the region via the A19.
Accommodation
The premises briefly comprise of a double fronted unit with electric roller shutter. Open plan retail space with storage cupboards. Kitchen area with plumbing for an automatic washer and walk in storage. Enclosed rear yard. Previous uses have been as a beauty salon and more recently a general store. Potential for change of use subject to local planning permission.
Tenure
Freehold. Title number CE88185.
Rateable Value
The current rateable value is 4,950 (1 April 2023 to present).
Sourced from voa.
EPC
Available Upon Request (Rating B).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
*For sale via secure sale online bidding: Terms and conditions apply.*
Freehold tenanted investment opportunity available for sale. The mixed use premises are situated on a popular neighbourhood parade of shops in Billingham on the south side of Station Road.
The ground floor retail unit is currently leased to a florist on fully repairing and insuring terms at 7,200 per annum. The premises briefly comprise of a double fronted unit with electric roller shutter. Open plan retail space with storage cupboards. Kitchen area with plumbing for an automatic washer and walk in storage.
The first floor is accommodation is accessed from the rear of the property and comprises of of 2 bedroom accommodation which is currently leased on an AST with an income of 4,800 per annum.
The property also benefits from a large garage space to the rear of the property; although this space is not currently accessible for use as a garage, as the door is fixed in place, it offers a large storage space which could be rented in addition to the shop tenant's space, or for private use.
Neighbouring occupiers include Newsagents, off-licence and general store, fish and chip shop, cafes, barbers, hairdressers and cafe, coffee shop, vets, funeral parlour and bridal and prom specialist retailer. The A19 is less than a mile to the west of the premises and provides excellent access to the local region.
Location
The subject property is located within an established parade of retail premises on Station Road, Billingham, Teesside. The location is surrounded by significant residential development and benefits from passing trade. Access is provided to other parts of the region via the A19.
Accommodation
The premises briefly comprise of a double fronted unit with electric roller shutter. Open plan retail space with storage cupboards. Kitchen area with plumbing for an automatic washer and walk in storage. Enclosed rear yard. Previous uses have been as a beauty salon and more recently a general store. Potential for change of use subject to local planning permission.
Tenure
Freehold. Title number CE88185.
Rateable Value
The current rateable value is 4,950 (1 April 2023 to present).
Sourced from voa.
EPC
Available Upon Request (Rating B).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
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