* Income of £7, 500 per annum
* Established location
* Prime retail unit
* 5 year term expires October 2026
Location
The property is situated in a prime position on the north side of Wellington
Street located between the principal shopping areas of Wellington Square and
Stockton High Street.
This is a central location popular with both local, regional and national
retailers and nearby occupiers include; Thirteen Group, CeX, Vision 25, Max
Spielman, Barclays Bank and Heron Foods.
Wellington Street has heavy footfall due its position between Wellington
Square Car Park and the main public transport links of the town centre.
Description
The property comprises a mid - terraced, two storey, building arranged to
provide a ground floor retail unit together with integral ancillary
accommodation at first floor level.
Previously occupied by Newboulds Butchers, for a number of years, the property
is now let as a health store and benefits from dumbwaiter and first floor cold
store.
Accommodation
The property provides the following accommodation approximately:
Ground Floor
Sales Area: 73. 52 sq m ( 791 sq ft)
First Floor
Various Store Rooms: 65. 42 sq m ( 704 sq ft)
Wc's
Total: 138. 94 sq m ( 1, 495 sq ft)
**Tenure
**
The property is let to Protein Superstore on Full Repairing and Insuring terms
at an annual rent of £7, 500 per annum exclusive for a period of 5 years
expiring 30 October 2026. The tenant has been in occupation at the property
since 2016 and renewed the lease from 2021.
A copy of the lease is available on request.
**Proposed terms
**
Offers are invited in the region of £90, 000 for the freehold interest subject
to the existing lease which would show a purchaser a gross initial yield of
8. 33%.
**Business rates
**
The property has a Rateable Value of £7, 600 and therefore qualifies for Small
Business Rates relief. To determine the exact rates payable we would advise
getting in contact with Stockton Borough Council.
**Legal costs
**
Each party will be responsible for their own legal costs in connection with
the transaction.
**Enquiries
**
All enquiries and viewing arrangements are to be directed through Thomas
Stevenson.
Contact Jack Robinson / Paul Stevenson on
**Viewing
**
Viewings can be arranged by contacting Thomas : Stevenson direct.
Subject to Contract.

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