Western Portion of Langton Industrial Estate Whitworth Avenue Newton Aycliffe County Durham DL5 6BL

Western Portion of Langton Industrial Estate
Whitworth Avenue
Newton Aycliffe
County Durham
DL5 6BL

Substantial Fully-Let Industrial Investment

Four Industrial Northlight Units let to Nationwide Leisure Homes Limited until June 2027, and Stiller Warehousing and Distribution Ltd (Holding Over)
Approximately 93,362 sq ft (8,673.60 sq m)
Benefits from approximate Eaves Height of 6.1 metres (20 ft)
Established Industrial Estate Location, close to A1 (M) (Junction 59)
Nearby occupiers include 3M, Screwfix, Howdens, Finley Structures, Ion Precision and PWS Distributor

Lot
20
Auction
7th November 2024
Rent
£177,216 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Substantial Fully-Let Industrial Investment

Four Industrial Northlight Units let to Nationwide Leisure Homes Limited until June 2027, and Stiller Warehousing and Distribution Ltd (Holding Over)
Approximately 93,362 sq ft (8,673.60 sq m)
Benefits from approximate Eaves Height of 6.1 metres (20 ft)
Established Industrial Estate Location, close to A1 (M) (Junction 59)
Nearby occupiers include 3M, Screwfix, Howdens, Finley Structures, Ion Precision and PWS Distributor

Lot 20
Auction 7th November 2024
Rent £177,216 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 13 miles south-west of Durham, 16 miles west of Middlesbrough, 28 miles south of Newcastle-upon-Tyne, 52 miles north-west of York
Roads: A167, A689, A6071, A1(M) (Junction 59)
Rail: Newton Aycliffe Railway Station, Heighington Railway Station
Air: Newcastle International Airport

Situation

Newton Aycliffe is a busy town in County Durham some 16 miles west of Middlesbrough and 28 miles south of Newcastle-upon-Tyne. The property is prominently situated on the north side of Whitworth Avenue, at its junction with Fulbeck Road, in an established popular industrial estate, within close proximity to the A1 (M) (Junction 59). Other occupiers on the industrial estate include 3M, Screwfix, Howdens, Finley Structures, Ion Precision and PWS Distributors.

Tenure

Long Leasehold. Held by way of two ground leases for a term of 989 years from 05/02/2013 at a peppercorn ground rent. The lease provides an option to purchase the Freehold for £100 after 31/12/2029.

Location

Miles: 13 miles south-west of Durham, 16 miles west of Middlesbrough, 28 miles south of Newcastle-upon-Tyne, 52 miles north-west of York
Roads: A167, A689, A6071, A1(M) (Junction 59)
Rail: Newton Aycliffe Railway Station, Heighington Railway Station
Air: Newcastle International Airport

Situation

Tenure

Long Leasehold. Held by way of two ground leases for a term of 989 years from 05/02/2013 at a peppercorn ground rent. The lease provides an option to purchase the Freehold for £100 after 31/12/2029.

Description

The property comprises four industrial units arranged on the ground floor, forming part of a larger Northlight building. The property has an approximate eaves height of 6.1 metres. The property benefits from having been re roofed in 2021.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Unit D432 (Unit 2)	Ground	Industrial	2,425.51	(26,108)	STILLER WAREHOUSING AND DISTRIBUTION LTD (1) (CRN: 03178500)	Let on a licence from 04/05/2020 until 03/05/2021 (Holding Over)	£52,216	15/03/2026 Please confirm if this is a rent review, break option, or both
Unit D432 (Unit 3 & 4)	Ground	Industrial	4,843.49	(52,135)	STILLER WAREHOUSING AND DISTRIBUTION LTD (1) (CRN: 03178500)	Tenancy at Will from 15/03/2021 until 14/03/2022 (Holding Over)	£80,000
Unit D432 (Unit 6)	Ground	Industrial	1,404.60	(15,119)	NATIONWIDE LEISURE HOMES LIMITED (CRN: 11650575)	5 years from 01/07/2022 (2)	£45,000
Total			8,673.60	(93,362)			£177,216

(1) For the year ending 31/12/2023, Stiller Warehousing and Distribution Ltd (CRN: 03178500) reported a turnover of £20,734,913, a pre-tax profit of £1,295,726 and a net worth of £6,768,167 (Source: Northrow Company Report as at 14/10/2024 - www.northrow.com)
(2) As to Unit D432 (Unit 6) the lease provides for a Tenant option to determine the lease on the 14th March 2026.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.