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Land for sale

£12,500 (£8.86/sq. ft) Guide price

Patten Lane, Guisborough TS14

1,410 sq. ft*
Sold STC

Property features

  • Tenanted Investment

Property description

Tenanted investment for sale by auction.
Land at Patten Lane is a land site used for commercial storage which is currently let. The property is situated within Patten Lane off Church Street at Guisborough town centre, a popular location to the south of Middlesbrough. The land site is currently let at £2,500PA to a local business.


Location


The property is located just off Westgate, the principal retail street of Guisborough Town Centre. Guisborough is an affluent market town within the Teesside conurbation. Other retailers in the town include Boots, Greggs, Dorothy Perkins, Martins etc. The property occupies a good secondary position.


Site details


Site perimeter: 54m.
Site area: 131m2.

Please note, the buildings contained within the site do not form part of the rent calculation.


Tenure


Freehold. Title number CE87344.


Lease terms


The site at Patten Lane is let to Kenneth Buckingham, Ken Young and David Young.
Lease – 22/07/2010 expired 21/07/2015. Currently holding over.
Rent £2,500PA.


VAT


Unless otherwise stated, all stated figures are expressed exclusive of VAT. We await confirmation that VAT is payable on this transaction.


Auction information


The subject property is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of three thousand six hundred pounds. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (six hundred and fifty pounds plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Pattinson - Commercial, NE1 on 0191 686 1492 * (local rate)

Contact Pattinson - Commercial about this property

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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