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Buck Street, Middlesbrough, North Yorkshire, TS2

POA
Thomas : Stevenson, Middlesbrough
SIZE AVAILABLE

10,985 sq ft

1,021 sq m

SECTOR

Light industrial facility to lease

USE CLASSUse class orders: B1 Business, B2 General Industrial and B8 Storage and Distribution

B1, B2, B8

Lease details

Lease available date:
Ask agent
Lease type:
Long term
Furnish type:
Unfurnished

Key features

  • Location: Established industrial estate on Buck Street, 0.8 miles north of Middlesbrough town centre
  • Total GIA: Approximately 1,020.53 sq m (10,985 sq ft) overall.
  • Transport: Excellent links, 0.6 miles north of the A66 and near the railway station.
  • Large industrial unit and a detached two-storey office block.
  • Site Size: Secure, enclosed 0.79-acre (0.32 ha) site with brick boundary wall.
  • Workshop Detail: Main workshop features 10.3-metre eaves height.
  • Yard: 0.45-acre concrete hardstanding yard including a weighbridge.
  • Availability: Available via assignment of existing lease
  • Rent/RV: Rent is £45,000 p.a. (excl. VAT); Rateable Value is £40,750.

Description

LOCATION

The property is located on Buck Street, just off North Road and benefits from a strategic position 0.8 miles north of Middlesbrough town centre, close to Riverside Park, in an established industrial estate.

Situated on the north side of Buck Street, nearby occupiers include A V Dawson, Cleveland Timber Supplies, Greggs, Auto Tech Centre, EMR and Leaders Paper Merchants.

This location benefits from good transport links and is positioned 0.6 miles north of the A66, 0.7 miles north west of Middlesbrough railway station and 0.6 miles south of the River Tees.

DESCRIPTION

The property comprises a large general industrial unit, detached two storey office block, various smaller ancillary office/storage buildings and 0.45 acre concrete hardstanding yard on a secure enclosed 0.79 acre site.

The portal frame, profile sheet clad, industrial unit provides open plan workshop accommodation benefitting from 10.3 metre eaves height.

To the northern end of the site, a two storey detached building of brick construction provides office accommodation and staff amenities across two floors.

The remainder of the site comprises a concrete hardstanding yard benefitting from a weighbridge and ancillary offices and workshop. The site benefits from two vehicular entrances from Buck Street and is secured by a six foot high brick boundary wall.

The property, which has been occupied by Whitehead Alloys Limited for a number of years, is suitable for a variety of industrial uses subject to any necessary statutory consents.

ACCOMMODATION

The approximate accommodation provided is as follows -

Main Workshop: 892.34 sq m ( 9,605 sq ft)
Offices: 72.20 sq m ( 777 sq ft)
Workshop: 35.16 sq m ( 378 sq ft)
Yard Office: 14.43 sq m ( 155 sq ft)
Weighbridge Office: 6.40 sq m ( 69 sq ft)

Total: 1,020.53 sq m (10,985 sq ft)

Yard: 0.18 ha 0.45 acres

Site Total: 0.32 ha 0.79 acres

RATING ASSESSMENT

The property has a current Rateable Value of £40,750. Interested parties should contact Middlesbrough Council to enquire as to the precise rates payable.

PROPOSED TERMS

The property is available to let via the assignment of the existing lease. Brief details of the lease are as follows:

Landlord: Middlesbrough Council
Lease Term: 20 years from 17 July 2009
Rent Payable: £45,000 per annum from 2024*
Rent reviews: 5 Yearly - No further rent reviews
User: Scrap metal business including manufacture and storage of metals and related processes. Change is permitted with landlord's consent and is not to be unreasonably withheld.
Repairs: External - Tenant
Internal - Tenant
Insurance: Tenant reimburses landlord's premium

* The lease includes an outstanding rent review and following negotiations the Landlord has offered to settle at £45,000 per annum and the review would be concluded at date of lease assignment.

VAT

The rent quoted is exclusive of VAT.

LEGAL COSTS

Each party will be responsible for their own legal fees in respect of this transaction. An undertaking to cover abortive costs will be required to be entered into by the successful applicant.

VIEWING

Viewings can be arranged through our office.

Please contact Jack Robinson on or via email -

Brochures

Buck Street, Middlesbrough, North Yorkshire, TS2

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Middlesbrough Station0.4 miles
  • Billingham Station2.2 miles
  • South Bank Station2.5 miles

About Thomas : Stevenson, Middlesbrough

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

Focusing on Commercial Property Consultancy Thomas : Stevenson primarily deal with shops, offices, industrial property and land. Our team has over 40 years combined experience at a senior level and specialises in the Teesside, North Yorkshire and wider north east commercial property markets.

We have a proven track record in all aspects of the commercial property market.

Notes

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