Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
13 miles north-west of Darlington, 24 miles south-east of Durham, 35 miles south of Newcastle Upon Tyne
Roads
A1046, A19, A1032
Rail
Stockton Rail
Air
Durham Tees Valley International Airport
Situation
The property is situated in the well established Portrack Industrial Estate, just off the A1046 within close proximity to the A19 and Stockton town centre. The property is located on the northern side
of Portrack Grange Road, with other nearby occupiers including Magnet, Discount Motor Co, M&J Commercial and Crossling Plumbing Merchants.
Tenure
Virtual Freehold. Held for a term of 999 years expiring 7th November 2998 at a peppercorn rent.
Location
Miles
13 miles north-west of Darlington, 24 miles south-east of Durham, 35 miles south of Newcastle Upon Tyne
Roads
A1046, A19, A1032
Rail
Stockton Rail
Air
Durham Tees Valley International Airport
Situation
The property is situated in the well established Portrack Industrial Estate, just off the A1046 within close proximity to the A19 and Stockton town centre. The property is located on the northern side
of Portrack Grange Road, with other nearby occupiers including Magnet, Discount Motor Co, M&J Commercial and Crossling Plumbing Merchants.
Tenure
Virtual Freehold. Held for a term of 999 years expiring 7th November 2998 at a peppercorn rent.
Description
The property comprises a ground floor standalone trade counter unit and a total approximate site area of 0.235 hectares (0.581 acres).
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor standalone trade counter unit and a total approximate site area of 0.235 hectares (0.581 acres).
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
15 years from 06/11/2005 on a full repairing and insuring lease
£42,104
15/11/2015
Totals
977.31 sq m
(10,519 sq ft)
£42,104
(1) For the year ending 27th December 2014, Howden Joinery Properties Limited reported a turnover of £40,790,000, pre-tax profits of £686,000 and a total net worth of £334,000. (Source: Experian Group 12/11/2015) (2) For the year ending 27th December 2014, Howden Joinery Limited reported a turnover of £1,080,083,000, pre-tax profits of £193,306,000 and a total net worth of £447,884,000. (Source: Experian Group 12/11/2015)