Unit 21, Skelton Industrial Estate Skelton North Yorkshire TS12 2LQ

Unit 21, Skelton Industrial Estate
Skelton
North Yorkshire
TS12 2LQ

Freehold Ground Rent Investment

  • Let to Cleveland Circuits Limited
  • Lease expires April 2078 (approximately 62 years unexpired)
  • Rent Review May 2019 and 10 yearly thereafter
  • Site Area approximately 1.56 acres
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    86
  • Auction
    13th October 2016
  • Rent
    £5,175 per Annum Exclusive
  • Status
    Sold
  • Price
    £149,000
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Ground Rent Investment

  • Let to Cleveland Circuits Limited
  • Lease expires April 2078 (approximately 62 years unexpired)
  • Rent Review May 2019 and 10 yearly thereafter
  • Site Area approximately 1.56 acres
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 86
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £149,000
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
14 miles east of Middlesbrough
Roads
A172, A173, A174
Air
Durham Tees Valley International Airport
Situation

The property is situated in Hollybush Industrial Estate, to the east of Skelton town centre with direct access from the A174 onto Watness Avenue, the main thoroughfare on the estate. The property is located on the northern side of Wandhills Avenue. Other nearby occupiers include Asda, Royal Mail, Homeware Essentials, Pipeline Precision Engineering and Texon.

Tenure

Freehold.

Location
Miles
14 miles east of Middlesbrough
Roads
A172, A173, A174
Air
Durham Tees Valley International Airport
Situation

The property is situated in Hollybush Industrial Estate, to the east of Skelton town centre with direct access from the A174 onto Watness Avenue, the main thoroughfare on the estate. The property is located on the northern side of Wandhills Avenue. Other nearby occupiers include Asda, Royal Mail, Homeware Essentials, Pipeline Precision Engineering and Texon.

Tenure

Freehold.

Description

The property comprises a substantial light industrial/office building. The property benefits from roller shutter doors and parking for approximately 20 cars. The property benefits from a gated entrance and site area of Approximately 0.63 hectares (1.56 acres).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial light industrial/office building. The property benefits from roller shutter doors and parking for approximately 20 cars. The property benefits from a gated entrance and site area of Approximately 0.63 hectares (1.56 acres).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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/
(Reversion)
Ground/First Industrial/
Manufacturing/
Storage
1,299.67 sq m
(13,990 sq ft)
CLEVELAND
CIRCUITS
LIMITED (1)
99 years from 01/05/1979
on a full repairing and
insuring
lease (2)
£5,175 01/05/2019 and 10
yearly
thereafter (3)
(30/04/2078)
Totals  
1,299.67 sq m
(13,990 sq ft)
    £5,175  

(1) For the year ending 31st January 2016, Cleveland Circuits Limited reported a total net worth of £2,950,814 (Source: Experian Group 09/09/2016).
(2) The landlord insures the property and recovers the premium from the tenant.
(3) The rent is reviewed 10 yearly on an upward only basis to the greater of: (a) The amount of rent payable under the lease immediately prior to the expiration of the rent review year in question; and (b) the amount of the current annual market value – please see rent review clause in lease.

Property Documents

  • Site Plan
    Updated Date
    31.10.19
    File Size
    49 KB
    View PDF
  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    440 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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Browns Commercial 6 Innovation Court, Yarm Road
Stockton on Tees
TS18 3DA
Simon Brown 01642 607607 simon.brown@brownscommercial.co.uk
Seller's Solicitors
Pinsent Masons LLP The Soloist, 1 Lanyon Place
Belfast
BT1 3LP
Felicity Cinnamon 02890 894 903felicity.cinnamon@pinsentmasons.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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