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Commercial Property for sale

The Grange Business Centre, Belasis Avenue, Billingham, TS23 1LG

Guide Price £695,000

Property Description

Full description

Tenure: Freehold

SITUATION/LOCATION
The property forms part of a mixed commercial complex of buildings incorporating offices, workshops and storage facilities and is located within a thriving and long established industrial/commercial location opposite major industries including Johnson Matthey Technologies. Belasis Technology Park is nearby. The Centre is accessed off the B1275 which affords swift access to the A19 dual carriageway less than 3 miles distant. Belasis Hall Technology Park is approximately 1/2 mile from the property.

PREMISES
The property comprises a mixture of two storey and single storey premises originally constructed mid 20th Century as a purpose built apprentice training centre for I.C.I. The site is divided into two buildings providing various workshops/warehousing and offices total floor space of 2,446.3sq.m. (26,322sq.ft.). The total site area extends to 2.03 acres (measured from Promap Mapping Services). With excellent on site parking. The site also benefits from having CCTV and 24 hour access.

TENANCIES
At the time of preparing these particulars the property has 94% occupancy with 14 tenants. Three vacant office rooms are presently on the market with Carver Commercial Chartered Surveyors. The client occupies one office for his own purposes and currently manages the centre himself. The tenancies are on full repairing and insuring lease terms with service charge. Present rents passing 71,660 per annum exclusive. Each tenant is responsible for their own rates. A tenancy schedule is available.

TENURE
Freehold

AGENTS NOTE
The client owns an adjacent parcel of land extending to approximately 2.3 acres. Planning options are currently being explored for development. The plot may be available to purchase subject to negotiations. For further information contact Julie Wallin MRICS



VAT
Any reference to price, premium or rent is deemed to be exclusive of VAT (if applicable) thereon. Where rents are quoted as inclusive figures this does not include VAT. Interested parties should clarify the incidence of VAT in any event with their legal advisors.

VIEWING
Strictly by appointment only through agents.

ENERGY PERFORMANCE ASSET RATING
E - 108 and G - 181


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