Howdens Joinery Portrack Industrial Estate Stockton on Tees Cleveland TS18 2PN

Howdens Joinery
Portrack Industrial Estate
Stockton on Tees
Cleveland
TS18 2PN

Trade Counter Investment

  • Entirely let to Howdens Joinery (with guarantee)
  • Located within the established Portrack Industrial Estate
  • Nearby occupiers include Magnet, Discount Motor Co, M&J Commercial and Crossling Plumbing Merchants
  • Approximate site area of 0.235 hectares (0.581 acres)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    31
  • Auction
    10th December 2015
  • Rent
    £42,104 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Trade Counter
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Trade Counter Investment

  • Entirely let to Howdens Joinery (with guarantee)
  • Located within the established Portrack Industrial Estate
  • Nearby occupiers include Magnet, Discount Motor Co, M&J Commercial and Crossling Plumbing Merchants
  • Approximate site area of 0.235 hectares (0.581 acres)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 31
  • Auction 10th December 2015
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    Trade Counter
  • 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.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground Trade Counter/
Ancillary
977.31 sq m
(10,519 sq ft)
HOWDEN JOINERY
PROPERTIES LIMITED
(1) (with guarantee from
Howden Joinery Limited)
(2)
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)

Property Documents

  • Catalogue Page
    Updated Date
    18.11.15
    File Size
    844 KB
    View PDF
  • Site Plan
    Updated Date
    18.11.15
    File Size
    326 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Harold Benjamin Solicitors Hill House, 67-71 Lowlands Road
Harrow
Middlesex
HA1 3EQ
020 8864 7530
Varsha Sood 020 8872 3028varsha.sood@haroldbenjamin.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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