Unit 5 Teesway North Industrial Estate
Stockton on Tees
TS18 2RR

Freehold Trade Counter Investment

  • Well established industrial estate location
  • Let to Edmundson Electrical Limited
  • VAT-free investment
  • Located close to A19/A66 interchange
  • May 2019 Rent Review - a new rent of £45,000 proposed
  • Lease extension agreed in 2014 extending the lease from 2019 to 2024
  • Lot
    4
  • Auction
    24/Oct/2019
  • Rent
    £38,300 per Annum Exclusive
  • Status
    Available
  • Price*
    £510,000
  • Sector
    Office
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On Behalf of Wesleyan Assurance
Important Auction & Property Update
  • Unit 5 Teesway North Industrial Estate<br>Stockton on Tees<br>TS18 2RR
  • Expand
  • Photos
  • Map

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

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 Teesway North Industrial Estate, just off the A1046 within close proximity to the A19 and within 2 miles of Stockton town centre. Middlesbrough town centre is located 2 miles to the east, with the A19/A66 junction 1 mile to the south. The A66 connects to the A1. The property is located on the western side of Teesway, close to its junction with Pennine Avenue. Other traders in the area include Booker, Wickes, Go Outdoors, McDonald's, B&Q and PTS.

Tenure

Freehold.

Description

The property comprises a ground floor and first floor office together with warehouse, staff and storage accommodation. The property has on-site parking within a site of 0.5 acres (0.22 hectares).

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
First
Office/Warehouse
Office/Ancillary
780 sq m
144 sq m
(8,396 sq ft)
(1,550 sq ft)
EDMUNDSON
ELECTRICAL
LIMITED
t/a Electric
Center (1)
25 years from
01/05/1999 until
30/05/2024 on a
full repairing and
insuring lease
£38,30001/05/2019
Rent Review.
A new rent of
£45,000
proposed
Total
924 sq m
(9,946 sq ft)
  £38,300 

(1) For the year ended 31st December 2017, Edmundson Electrical Limited reported a turnover of £1,263,885,000, pre-tax profits of £63,470,000 and a net worth of £386,435,000 (Source: Experian 25.09.2019). Electric Center was formed back in October 2006 and is the brightest electrical wholesaler in the country with over 110 branches (Source: ww.electric-center.co.uk).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    14.10.19
    File Size
    34 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    538 KB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    818 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4852 +44 (0)7836 742834peter.cunliffe@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Wilkes Partnership 41 Church Street
Birmingham
B3 2RT
Grahame Griffiths 0121 233 4333ggriffiths@wilkes.co.uk

Useful Links

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