The Business Partnership is delighted to offer this mixed use commercial property for sale. Positioned in a good location the premises hosts two tenants.
This is an opportunity to acquire a high yield investment property that comprises of a successful Indian restaurant and a popular dance studio.
The town sits within the Tees Valley region of the North East of England, and the wider borough had a population of 191,000 in 2011 estimates.
Stockton town centre is the main centre within the borough. The town centre retail is largely concentrated within two shopping centres, Castlegate and Wellington Square.. The Teesquay Millennium Footbridge links the rear of the Castlegate Centre to Castlegate Quay and then onto Durham University
- Queen's Campus and Teesdale Business Park. At the north west end of the town centre is Wellington Square shopping centre. Opened in 2001 at a cost of £43m, it provides 46 shop units, and includes Marks & Spencer, Debenham's and car parking.
There is further investment in Stockton with a £300 million development on the Northshore of the Tees. Northshore will create new offices, homes, retail, hotels, restaurants, bars, cafes and leisure facilities all set within a high quality waterside environment. It will provide nearly 4,500 new jobs and homes for approximately 500 people
Rent £11000 Restaurant 95.2sq m
Size 161.6 sq m Lounge 10.5sq m
RV £8900 Kitchen 32.2sq m
Lease 12/09/2011-11/09/2021 Internal Storage 12.9sq m
Toilets 8.10sq m
Rent £6500 Studio 102.5sq m
Size 163.2 sq m Change Rooms 21.9sq m
RV £5000 Store 6.30sq m
Lease 01/10/2011-20/09/2016 Kitchen 24.8sq m
WC 7.73sq m
Vat Any reference to price, premium or rent is deemed to be exclusive of VAT (if applicable) thereon. Where rents are quoted as inclusive figures this does not include VAT. Interested parties should clarify the incidence of VAT in any event with their legal advisors.
Viewing Strictly by appointment only through agents.
Energy Performance Asset Rating Available upon request