Property photos
Freehold
£200,000
(£37.29/sq. ft)
Retail premises for sale
1-5, Clarence Road, Port Clarence, Stockton On Tees TS25,363 sq. ft
Local area information
Property location
Nearby amenities
- High Clarence Primary School 0.1 miles
- Transporter Bridge North Side 0.6 miles
- Transporter Bridge South Side 0.6 miles
- Newport Primary School 1.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Middlesbrough to find out more about the local area.
Features and description
- Freehold
- Parade of 5 Properties For Sale
- Part Income Producing
- (currently £7,000 per annum)
- Ground and First Floor Accommodation
- Prominent Roadside Location
- Investment Opportunity
- Extensive Car Parking
The property is located front the A1046 Port Clarence Road, approximately 3 miles east of Stockton on Tees town centre and 3 miles north of Middlesbrough town centre.
The immediate surrounding area is predominantly residential with extensive commercial areas a short distance away.
The parade comprises a terrace of 5 self-contained 2-storey properties of traditional brick cavity wall construction under a multi-pitched concrete tiled covered roof.
Internally each unit has front accessed ground floor accommodation with internal staircase access to the first floor and wc accommodation.
Terms
The parade is available to purchase on a Long-leasehold basis for a term of 125 years with offers invited in the region of £200,000.
Use
The Local Authority have been unable to verify the allocated use class for all of the units and we therefore recommend that interested parties carry out their own investigations with Stockton Borough Council directly.
We understand that in principle commercial use is permissible for the ground floor accommodation with the upper floor to be used for ancillary storage, office or residential directly by the ground floor operator. However, this is subject to any prospective purchaser obtaining the necessary planning consents with Stockton Borough Council.
Separate and private residential tenancies of the upper floors are not permitted.
Tenancies
Unit 1 let at £1,800 per annum. Holding over since 30 April 2007.
Unit 4 let at £5,200 per annum for a term running from 26 April 2024 until 25 April 2029.
Rateable values
Unit 1 : £2,700 Unit 2 : £1,625
Unit 3 : £1,725 Unit 4 : £1,225
Unit 5 : £2,225
Energy performance certificate
The EPC Ratings range between C(54) and E(115)
Legal costs
Each party is to pay their own legal costs incurred in the transaction.
Accommodation:
Unit 1: 1,077.00 sqft
Unit 2: 1,066.00 sqft
Unit 3: 1,066.00 sqft
Unit 4: 1,077.00 sqft
Unit 5: 1,077.00 sqft
Total: 5,363.00 sqft
The immediate surrounding area is predominantly residential with extensive commercial areas a short distance away.
The parade comprises a terrace of 5 self-contained 2-storey properties of traditional brick cavity wall construction under a multi-pitched concrete tiled covered roof.
Internally each unit has front accessed ground floor accommodation with internal staircase access to the first floor and wc accommodation.
Terms
The parade is available to purchase on a Long-leasehold basis for a term of 125 years with offers invited in the region of £200,000.
Use
The Local Authority have been unable to verify the allocated use class for all of the units and we therefore recommend that interested parties carry out their own investigations with Stockton Borough Council directly.
We understand that in principle commercial use is permissible for the ground floor accommodation with the upper floor to be used for ancillary storage, office or residential directly by the ground floor operator. However, this is subject to any prospective purchaser obtaining the necessary planning consents with Stockton Borough Council.
Separate and private residential tenancies of the upper floors are not permitted.
Tenancies
Unit 1 let at £1,800 per annum. Holding over since 30 April 2007.
Unit 4 let at £5,200 per annum for a term running from 26 April 2024 until 25 April 2029.
Rateable values
Unit 1 : £2,700 Unit 2 : £1,625
Unit 3 : £1,725 Unit 4 : £1,225
Unit 5 : £2,225
Energy performance certificate
The EPC Ratings range between C(54) and E(115)
Legal costs
Each party is to pay their own legal costs incurred in the transaction.
Accommodation:
Unit 1: 1,077.00 sqft
Unit 2: 1,066.00 sqft
Unit 3: 1,066.00 sqft
Unit 4: 1,077.00 sqft
Unit 5: 1,077.00 sqft
Total: 5,363.00 sqft
More information
Listed by
Connect Property North East
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