Lot
101
Auction Ends: 25/06/2025 15:00 - Bidding opens Tuesday 24th June 10:00 AM

1-6 Regent Mews, Prince Regent Street, Stockton-On-Tees, Durham, TS18 1DD

Property Details
Location
Description
1-6 Regent Mews comprises a freehold, two-storey mixed-use investment property located on Prince Regent Street in Stockton-on-Tees, close to the town centre and Wellington Square. The property includes five ground-floor retail units with prominent frontage, plus a first-floor office/storage unit, totalling approximately 1,807 sq ft. The accommodation is fully let to a mix of local businesses on a range of lease terms, generating a total annual income of £17,320.

The property is situated on the east side of Prince Regent Street, close to Stockton High Street and Wellington Square Shopping Centre. Nearby occupiers include Regent West Mall. The property is approximately 6 miles west of Middlesbrough and has easy access to A66 and A19. Stockton town centre is currently undergoing regeneration, including the development of a new urban park connecting the town centre to the River Tees. See Invest Stockton-on-Tees for further information.
Accommodation
UnitArea (m²)Area (ft²)
Unit 128305
Unit 227288
Unit 326284
Unit 426284
Unit 531330
Unit 629316
Total1671,807
Tenure
The property is sold freehold.
Planning
For any pre-application advice, interested parties should consult directly with the Local Planning Authority: Stockton-on-Tees Borough Council, Dunedin House, Columbia Drive, Thornaby, Stockton-on-Tees, TS17 6BJ. Telephone: 01642 526 022
Tenancy




UnitTenantLease StartTermLease ExpiryCurrent Rent PA
Unit 1Gregg Simpson01/11/20242 years30/10/2026£3,250
Unit 2Gregg Simpson08/09/20233 years07/09/2024£3,120
Unit 3Suzette Lowrie t/a Crush Hair Salon01/12/20095 yearsHolding over£2,600
Unit 4Lesa Todd & Moria Blewitt t/a Chain Stitch01/01/20131 yearHolding over£2,600
Unit 5Jordan Clark t/a Ciao Bella Hair & Beauty01/02/20243 years31/01/2027£2,250
Unit 6Dr Olumole & Dr Babatola t/a Babtem Ltd01/11/20243 years31/10/2027£3,500
Total Annual Rent£17,320
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 25TH FEBRUARY AND CLOSES ON WEDNESDAY 26TH FEBRUARY.

3. The property is entered in the 2023 Rating List as "shop and premises" with a Rateable Value of: Number 1 = £2,325. Number 2 = £2,225. Number 3 = £2,275. Number 4 = £2,250. Number 5 = £1,600. Number 6 = £3,950. The Rateable Value (RV) is not the amount payable.

4. Energy Performance Certificates = TBC.

Our Nearest Office

Newcastle 600x300

Newcastle

Joint Agent

Contact: Richard Wilson

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