Units 1-4, Portrack Grange Close Portrack Lane Stockton-on-Tees TS18 2PU

Units 1-4, Portrack Grange Close
Portrack Lane
Stockton-on-Tees
TS18 2PU

  • Units 1-4, Portrack Grange Close<br>Portrack Lane<br>Stockton-on-Tees<br>TS18 2PU

Freehold Multi-let Industrial/Warehouse Investment

  • Fully let Industrial/Warehouse investment
  • Comprises four Workshop/Warehouse units with shared yard
  • Let to JLB Northeast Ltd, Spectrum Engineering Services Ltd and Hobson Smith (Construction) Ltd
  • All units let or renewed in 2021
  • Well located with excellent transport links from A19 & A66, close to Stockton Rail Station and Durham Tees Valley Airport
  • Nearby occupiers include Barclay Roofing Ltd, TS Plant Sales, Hanson Concrete, Nixon Hire and retailers/trade counters including Magnet Trade, Dunelm and a large ASDA Supercentre
  • Lot
    26
  • Auction
    12/Jul/2022
  • Rent
    £26,410 per Annum Exclusive
  • Status
    Available
  • Price*
    £390,000+
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
Important Update
  • 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
A19, A66 and A1 (M)
Rail
Stockton Railway Station
Air
Durham Tees Valley International Airport
Situation

The property is located on Portrack Grange Close, at its junction with Portrack Lane in an established industrial location, which benefits from excellent transport links close to the A19 and A66 main roads. Public transport is very accessible with Stockton Railway Station 1.5 miles west and local bus services in walking distance. Nearby occupiers include Barclay Roofing Ltd, TS Plant Sales, Hanson Concrete, Nixon Hire and retailers/trade counters including Magnet Trade, Dunelm and a large ASDA Supercentre.

Tenure

Freehold.

Location
Miles
13 miles north-west of Darlington, 24 miles south-east of Durham, 35 miles south of Newcastle upon Tyne
Roads
A19, A66 and A1 (M)
Rail
Stockton Railway Station
Air
Durham Tees Valley International Airport
Situation

The property is located on Portrack Grange Close, at its junction with Portrack Lane in an established industrial location, which benefits from excellent transport links close to the A19 and A66 main roads. Public transport is very accessible with Stockton Railway Station 1.5 miles west and local bus services in walking distance. Nearby occupiers include Barclay Roofing Ltd, TS Plant Sales, Hanson Concrete, Nixon Hire and retailers/trade counters including Magnet Trade, Dunelm and a large ASDA Supercentre.

Tenure

Freehold.

Description

The property comprises four workshop/warehouse units each arranged on the ground floor only. The property benefits from two separate entrances and a shared yard.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion

EPC

See legal pack.

Description

The property comprises four workshop/warehouse units each arranged on the ground floor only. The property benefits from two separate entrances and a shared yard.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion

EPC

See legal pack.

Tenancy & Accommodation

Address Floor Use Gross Internal Floor Areas
Approx sq m
Gross Internal Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Unit 1 Ground Industrial/Warehouse 112.50 sq m (1,211 sq ft) JLB NORTHEAST LTD Approx. 3 years from 01/05/2021 to 31/08/2024 (1)
£6,515
Unit 2 Ground Industrial/Warehouse 89.46 sq m (963 sq ft) JLB NORTHEAST LTD Approx. 3 years from 01/05/2021 to 31/08/2024 (1)
£5,135
Unit 3 Ground Industrial/Warehouse 113.16 sq m (1,218 sq ft) SPECTRUM ENGINEERING SERVICES LTD 5 years from 09/10/2021
£7,380
Unit 4 Ground Industrial/Warehouse 108.97 sq m (1,173 sq ft) HOBSON SMITH (CONSTRUCTION) LTD (2) 5 years from 29/09/2021
£7,380
Total     424.10 sq m (4,565 sq ft)    
£26,410

(1) The lease is subject to a rolling tenant option to break at any time, subject to 6 months notice.
(2) Formed in 1993, Hobson Smith are a construction company operating from their base in Stockton-on-Tees. (www.hobsonsmith.co.uk)

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.06.22
    File Size
    73 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    5 MB
    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
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Associate AuctioneersFergus Laird +44 (0)191 211 1561 +44 (0)7768 063 109ferguslaird@naylors.co.uk
Seller's Solicitors
Simons Muirhead & Burton 87 - 91 Newman Street, Fitzrovia
London
W1T 3EY
Mark Levine 0203 206 2793mark.levine@smab.co.uk  Jodie Sheldon 020 3206 2700jodie.sheldon@smab.co.uk

Useful Links

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

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