£1,000 pcm

115 High Street, Stockton

Description

LOCATION
The subject property is located on High Street, Stockton, which is situated in the town cente. The A66 and A19 are situated in close proximity to the property, the latter connecting Stockton with Middlesbrough, Hartlepool and Sunderland.

DESCRIPTION
The property offers a spacious ground-floor layout, featuring a fully installed kitchen, an open plan seating area, a W/C, and a designated staff area. With its versatile design, this space is ideal for a café, restaurant, or retail shop.

ACCOMMODATION
We calculate the approximate net internal floor areas to be as follows:
Ground Floor 159.98m² 1,722 (ft²)
EPC RATING
C67

RATING ASSESSMENT
The rateable value of the premises as of 1 April 2023 is £13,750 and the estimated rates payable for the current year is £6,861.25. This is based on the standard Small Business Rate of 49.9p in the pound. Small business rate relief will be available to tenants with one premises, however, interested parties should confirm the current position with the Local Authority.

TERMS
The property is available by way of a new lease with terms to be agreed at £12,000 (Twelve Thousand Pounds) per annum, for a term to be agreed.

VAT
No VAT is applicable.

LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.

ANTI MONEY LAUNDERING
In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.