Commercial Property for sale

Sotherby Road, Middlesbrough, Cleveland, TS3

Offers in Region of £550,000
1.2 ac.

Property Description

Commercial information

  • 1.2 acres (0.49 hectares)
  • Use class orders: A1 Shops, A3 Restaurants and Cafes, A5 Hot Food Take away, B1 Business, B2 General Industrial and B8 Storage and Distribution

Key features

  • Prominent main road location
  • Established neighbouring businesses
  • Prime investment site
  • 30,000+ nearby residents
  • Potential for future redevelopment

Full description

Tenure: Freehold

FANTASTIC INVESTMENT OPPORTUNITY, extending to 1.2 acres - potential for future redevelopment

Hamilton House, which is divided into 4 units with external hardstanding is at the junction of Cargo Fleet Lane and Sotherby Road, Middlesbrough, TS3 8BT

Location

This development is located in the Brambles Farm area of Middlesbrough, approximately 1.5 miles away from Middlesbrough Town Centre. The site can be accessed via: Cargo Fleet Lane, which provides quick access to the A66 motorway and other regional road networks (such as the A19); Sotherby Road, which leads into Cargo Fleet Industrial Estate and the A1085 (Longlands Road), providing access to thousands of nearby residents.

Description

The site currently comprises of 4 buildings with outdoor space. The occupants are providing a £33,000 rental income, details are available on request. This investment is perfect for an investor who wishes to make an immediate return on their money. Due to the lack of other similar sites in the area, the value of this site is expected to rise as it becomes ideal for future redevelopment. Each of the current occupants are on short leases, meaning there is a potential to increase the rental income further.
Access is currently via Sotherby Road, which is more suited than Cargo Fleet Lane due to how busy this road is throughout the day. Cargo Fleet Lane is one of the main through roads from the A66 to the 30,000+ nearby residents, South of the River Tees.

These units and any potential redevelopment will benefit from established neighbours such as Lidl Supermarket, Go Interiors, Middlesbrough Council, Parfetts Cash & Carry, Screwfix, HSS Hire, Starbucks, several National Car Sales firms and McDonalds.

Terms

All enquiries are to be directed through Parker Barras, who are acting as sole agent for the proposed sale.


Nearest stations

  • South Bank (1.2 mi)
  • Middlesbrough (1.6 mi)
  • Marton (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Parker Barras, Teesside

The Qube Windward Way, Middlesbrough, TS2 1QG

01642 268161 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.

Map & Street View

Nearest stations

  • South Bank (1.2 mi)
  • Middlesbrough (1.6 mi)
  • Marton (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Parker Barras, Teesside

The Qube Windward Way, Middlesbrough, TS2 1QG

01642 268161 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.

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