Property photos
Auction
Guide price
£65,000
(£143.81/sq. ft)
Retail premises for sale
Oxford Road, Thornaby, Stockton-On-Tees TS17452 sq. ft
Local area information
Property location
Nearby amenities
- Mandale Mill Primary School 0.2 miles
- St. Patrick's Roman Catholic Primary School, A Voluntary Catholic Academy 0.2 miles
- Thornaby 0.6 miles
- Stockton 1.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Stockton-On-Tees to find out more about the local area.
Features and description
- Mixed use investment property
- Ground floor hairdressing salon
- One bedroom apartment above
- Current income of 7,200pa
- Scope to increase rent
- Freehold title
Summary
*For sale via secure sale online bidding: Terms and conditions apply.*
We are pleased to offer to auction this mixed use investment opportunity, located along Oxford Road, Thornaby. The premises comprises a ground floor retail unit measuring approximately 42sqm (452sqft), which is currently utilised as a hair salon. The current tenant has been in situ for over 20 years with a passing rent of 250pcm (3,000pa). The first floor flat is accessed by a separate entrance, and comprises of a lounge, bedroom, bathroom, and kitchen. The passing rent is 350pcm on an assured shorthold tenancy.
The current rental income is notably below market rent, and scope exists for future increases.
The property is also suitable for a variety of uses subject to planning permission.
Tenure
Freehold. Title number TES19055.
Rateable Value
The adopted rateable value is 1,825 as of 1st April 2023.
Sourced from voa.
Council Tax
Band A.
EPC
The EPC for the flat is available upon request (rating F). We currently await a copy of the non-domestic EPC.
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 working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
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.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
*For sale via secure sale online bidding: Terms and conditions apply.*
We are pleased to offer to auction this mixed use investment opportunity, located along Oxford Road, Thornaby. The premises comprises a ground floor retail unit measuring approximately 42sqm (452sqft), which is currently utilised as a hair salon. The current tenant has been in situ for over 20 years with a passing rent of 250pcm (3,000pa). The first floor flat is accessed by a separate entrance, and comprises of a lounge, bedroom, bathroom, and kitchen. The passing rent is 350pcm on an assured shorthold tenancy.
The current rental income is notably below market rent, and scope exists for future increases.
The property is also suitable for a variety of uses subject to planning permission.
Tenure
Freehold. Title number TES19055.
Rateable Value
The adopted rateable value is 1,825 as of 1st April 2023.
Sourced from voa.
Council Tax
Band A.
EPC
The EPC for the flat is available upon request (rating F). We currently await a copy of the non-domestic EPC.
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 working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
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.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
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