Lorne Howard Industrial Estate, Howard & Lorne Street, Middlesbrough, TS1 5RA

Lorne Howard Estate comprises of three terraces of light industrial/workshop units of traditional construction with brick and block elevations with tile pitched roofs incorporating roller shutter loading doors with loading area and forecourt parking.

The Estate comprises of 31 units (Lorne Street - 21 and Howard St - 10) ranging from 551- 2,100 sqft, spread across ground & first floor workshops, toilets, and reception area. The current passing rental is £63,900 per annum, with an ERV of potentially £95k+. There is vacancy of only 3,575 sqft, these lend to possible new rental setting to drive rental values across the estate.

Each unit fronts either the main road or a court yard set up and the various current tenants include mainly local independent traders as well as a car wash business and community groups. The site provides an excellent asset opportunity to grow and improve by good sensible management.

Situated just minutes away from Middlesbrough town centre, the industrial units on Howard and Lorne Street benefit a prime position off the A66, along Victoria Street just off Newport Road in the Cannon Park area of Middlesbrough town centre. Positioned within walking distance of a wide range of shops, eateries and community facilities, providing strong local footfall for businesses.

Transport Links are excellent with the A19 and A66 within a mile radius, and Middlesbrough railway station 1.2 miles North East from the site, providing easy access to larger cities such as Newcastle, Manchester and Leeds.

Strictly via our agents and auction department. There will be block viewing dates and full auction documentation provided on full registration.

Our auction house will provide relevant details and information on registration, please note the Auction price will commence at £450,000 (Four Hundred and Fifty Thousand Pounds)