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150-152 High Street, Stockton-on-Tees, TS18 1PL

  • Subasta
  • Lote 22
  • Reino Unido
  • Local
  • Comercial

Vendido

Resumen de la propiedad

  • Freehold former Debenhams department store 
  • Approximately 8,161.10 sq m (87,845 sq ft)
  • Prominent town centre trading position
  • Suitable for a variety of alternative uses (subject to consents)
  • Guide price reflects a low capital value of £5.12 per sq ft
  • Vacant possession
  • On the instructions of James Liddiment and Paul Greenhalgh of Kroll Advisory acting as Joint LPA Receivers
  • BLOCK VIEWING ON TUESDAY 17TH OCTOBER BETWEEN 10:00 - 11:00AM

Contactar con nosotros

Simon Bailey
Simon Bailey
El equipo está para ayudarte

Contactar con nosotros

Simon Bailey
Simon Bailey
El equipo está para ayudarte

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Descripción de la propiedad

A substantial mid-terraced building of traditional construction beneath a part pitched and part flat roof. The building was formerly a Debenhams department store and is currently configured for multi-level retail sales. The building is arranged over lower ground, ground and four upper floors and totals approximately 8,161.10 sq m (87,845 sq ft). The building benefits from rear access via a rear service area, two passenger lifts and an escalator leading to the first and second floors.

There is currently an opening into the adjoining retail unit owned by Stockton Council that provided Debenhams with access from the Wellington Shopping Centre as well as a shared goods lift to the rear.

The building lends itself to a variety of alternative uses, subject to obtaining the necessary statutory consents. Such uses could include retail or leisure uses on the ground floor with the upper floors being suitable for conversion to residential, offices or hotel/serviced apartments. Prospective purchasers are advised to make their own enquiries of the local planning authority.

Ubicación

The market town of Stockton-on-Tees lies within County Durham about 10 miles east of Darlington and 21 miles south east of Durham. It can be accessed via the A66(M) and A19 with the former providing access to the A1(M) to the west. Stockton railway station provides regional rail services and Teesside International Airport lies about 8 miles to the south west. The town has recently benefitted from a £60m regeneration of the High Street, which is the widest in the UK. 

High Street is the main shopping thoroughfare in the town centre. The property commands a prominent position on the west side of High Street opposite its junction with Church Road and close to Wellington Square Shopping Centre with notable nearby occupiers including Costa Coffee, Specsavers, Boots Opticians, Iceland and JD Sports.

Planificación

Stockton-on-Tees Borough Council (01642 526022) - www.stockton.gov.uk

Estado de Ocupación

Freehold

Datos adicionales

FloorAccommodationSq MSq FtTenancy

Lower ground

Ground

First

Second

Third

Fourth

Retail/former cafe

Retail

Retail

Retail

Retail/former restaurant

Ancillary

 

1,615.10

2,067.60

1,942.90

1,908.10

410.90

216.50

 

17,385

22,255

20,913

20,539

4,423

2,330

Vacant
TOTAL 8,161.1087,845 

The auctioneers have not measured the property. All areas have been provided by the Vendor.

 

Impuestos

Por favor refiérase a los documentos legales

Consumo energético

Please refer to Legal Documents

Enlaces Útiles

*Términos y Condiciones

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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