Withdrawn prior to auction

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Freehold retail investment in a prominent town centre position.

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Description/Location

Occupying a busy location in off the prime retail thoroughfare close to Middlesbrough's largest shopping centre. Nearby traders include Barclays Bank, Debenhams, and Sports Direct. The property comprising ground, first and second floors, is let to 'The Style Council' trading as a bar, on a 10 year Full Repairing & Insuring lease from 1st May 2018, rent of £13,500 p.a.

Local Authority

Middlesbrough Council 01642 245432 www.middlesbrough.gov.uk

Viewing

Please contact Elliott Network Auctions on 020 7871 0420

Accommodation

Ground Floor Sales area approx. 600 sq/ft First Floor Approx 573 sq/ft Second Floor Ancillary area approx. 289 sq/ft Vat is applicable to this lot.

Rent

Current Rent £13,500 p.a.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.