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

Unit	Area (m²)	Area (ft²)

Unit 1

305

Unit 2

288

Unit 3

284

Unit 4

284

Unit 5

330

Unit 6

316

Total

167

1,807

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

Unit	Tenant	Lease Start	Term	Lease Expiry	Current Rent PA
Unit 1	Gregg Simpson	01/11/2024	2 years	30/10/2026	£3,250
Unit 2	Gregg Simpson	08/09/2023	3 years	07/09/2024	£3,120
Unit 3	Suzette Lowrie t/a Crush Hair Salon	01/12/2009	5 years	Holding over	£2,600
Unit 4	Lesa Todd & Moria Blewitt t/a Chain Stitch	01/01/2013	1 year	Holding over	£2,600
Unit 5	Jordan Clark t/a Ciao Bella Hair & Beauty	01/02/2024	3 years	31/01/2027	£2,250
Unit 6	Dr Olumole & Dr Babatola t/a Babtem Ltd	01/11/2024	3 years	31/10/2027	£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.