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
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 12th July 2022
Rent £26,410 per Annum Exclusive
Status Sold Prior
Price
Sector Industrial/Warehouse
Auction Venue Live Streamed Auction
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.
