Retail premises to let in High Newham Road, Stockton-On-Tees TS19

Location

The property is located in the Hardwick area of Stockton on Tees, 2 miles north west of the town centre, holding a prominent position opposite North Tees Hospital and close to Durham Road which provides road communication to the town centre.

The property is situated in an area of high density residential housing and nearby occupiers include Greggs, Spar, La Chef, The Hardwick and Fry Guys. The unit’s position adjacent to North Tees Hospital provides consistent vehicular and pedestrian footfall throughout the day.

Description

The subject property, forming part of the former Hardwick Hotel which was converted to provide a small shopping retail parade, is arranged to provide a ground floor sales area with ancillary accommodation to the rear.

Occupied by a Subway franchise, for a number of years, the property benefits from shared parking to the front and rear and lends itself to a café/hot food use but is suitable for a variety of uses subject to the necessary consents.

Accomodation

The unit has the following approximate areas:

Gross Frontage: 10.14 m 33’ 26’’
Net Internal Width: 9.84 m 32’ 28’’

Ground Floor

Sales Area: 78.32 sq m 843 sq ft
Stores: 6.01 sq m 65 sq ft
WC: - -

Total: 84.33 sq m 908 sq ft

Rateable value

The property has an existing Rateable Value of £8,300 and therefore qualifies for small business rates relief. Interested parties should contact Stockton Borough Council for the exact rates payable.

Tenure

The property is available from September 2024 on a term of years to be agreed at an asking rent of £16,500 per annum exclusive.

VAT

The property is elected for VAT.