Industrial Park for sale

Barmet Industrial Estate, Lingdale, TS12 3ED

Under Offer £650,000

Property Description

Full description

LOCATION
The premises occupy a central location in Lingdale in East Cleveland close to Saltburn and Redcar.
Lingdale is a village in East Cleveland and this Industrial estate serves the immediate hinterland.
DESCRIPTION
The estate comprises a mixture of small industrial units and compound yards let to various local
tenants who have been in occupation for numerous years. The owners have held the estate
for over 20 years and have had a co-operative style of management that has led to high
occupancy levels. The tenants do not have leases and occupy on a basis that they pay rent,
rates and services additionally dealing with Internal repairs. The landlord deals with External
Repairs, Water/ Sewerage fees and Insurance.
TENURE
The tenants have no formal leases and have been in occupation since the dates set out above
at the rents set out above.
EXPENSES
The Landlord has been responsible for External Repairs and Grounds Maintenance. This
typically costs less than 5,000 per annum. The Landlord has been responsible for Water
and Sewerage costs. This typically costs approximately 1,150 per annum. The Landlord has
been responsible for Insurance costs. This typically costs 10,000 per annum.
MANAGEMENT OPPORTUNITIES
n Letting of the newly vacant accommodation at rents set out in the above schedule.
n Letting of the Compound and Building previously occupied by the Owners as set out in the
above Schedule.
n Rent Reviews which have never been implemented.
n Control of the Expenses, Insurance costs in particular.
n The Total Rental Income could be increased to 89,928 on the letting of the vacant space.
PRICE
Offers are invited in the region of 650,000 for the freehold Interest.
VAT
The property is not elected for VAT.


More information from this agent

Nearest stations

  • Saltburn (3.2 mi)
  • Commondale (3.9 mi)
  • Marske (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Thomas : Stevenson, Middlesbrough

Wellington House Wellington Court Preston Farm Business Park Stockton-On-Tees TS18 3TA

01642 268003 Local call rate

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Map & Street View

Nearest stations

  • Saltburn (3.2 mi)
  • Commondale (3.9 mi)
  • Marske (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Thomas : Stevenson, Middlesbrough

Wellington House Wellington Court Preston Farm Business Park Stockton-On-Tees TS18 3TA

01642 268003 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference BarmetIndEst_Lingdale_280617. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Thomas : Stevenson, Middlesbrough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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