Sign House, Baltic Road, Stockton-On-Tees, Durham, TS18

LOCATION

The property is located within the town of Stockton on Tees, which is situated 3 miles west of Middlesbrough, 9.5 miles south-west of Hartlepool and 10 miles east of Darlington.

Situated just 0.3 miles north-east of Stockton town centre and adjacent the west end of Portrack Lane, Sign House holds a prominent roadside position on Baltic Road, 100m north of the major Riverside/A1305 junction which provides access to the wider Teesside area via the A19 and A66 to the east.

The surrounding locality is in mixed commercial use with nearby occupiers being an assortment of retail, leisure and industrial businesses. Established occupiers in the vicinity include Peugeot Simon Bailes Stockton, Halfords, Farm Foods, Hampton by Hilton and Stockton Borough Council.

This area of Stockon is currently undergoing major renovation with the development of Stockton Waterfront – an ambitious urban park and event space offering flexible spaces for community and large-scale events.

DESCRIPTION

The property comprises a detached two storey building, formerly occupied as a working mans club, but converted and redeveloped to provide a ground floor showroom/workshop and first floor residential accommodation.

The ground floor is arranged to provide a ground floor workshop and retail area. The residential element is arranged to provide 3 x 5 bedroom flats and 1 x 3 bedroom flat.

The ground floor accommodation is configured to provide a sales area/showroom, workshop, warehouse, ancillary offices, print shop, and stores together with ancillary staff rooms/kitchen facility and separate male and female w.c’s.

The first floor is arranged to provide 4 residential flats each configured to provide a communal kitchen/living/dining area together with shower/bathrooms. Each tenant also has access to a communal games/common room on the first floor.

Externally the premises benefit from partially covered parking for approximately 12 vehicles and on-site loading bay to the rear accessed by Baltic Close.

ACCOMMODATION

The property has the following approximate areas:

Ground Floor

Offices, Workshops, Stores and
Loading Bay: 700 sq m 7,534 sq ft

First Floor

Flat 1: 140 sq m 1,507 sq ft
Flat 2: 133 sq m 1,431 sq ft
Flat 3: 138 sq m 1,485 sq ft
Flat 4: 140 sq m 1,507 sq ft

TENURE

The premises are let on the following basis:

Ground Floor – Let to a private individual for retail and storage purposes for a term of 5 years from March 2026 at a rent of £30,000 per annum. The lease includes a tenant only break clause in Year 3.

First Floor – Each flat is let on an Assured Periodic Tenancy agreement to students tenants as follows:

Flat 1 - £2,058.33 per month £24,700 per annum
Flat 2 - £2,058.33 per month £24,700 per annum
Flat 3 - £2,058.33 per month £24,700 per annum
Flat 4 - £1,235 per month £14,820 per annum

The total rent receivable by the landlord is presently £118,920 per annum exclusive.

PROPOSED TERMS

We are instructed to seek offers in excess of £875,000 for our client's freehold interest, subject to the existing tenancies.

RATING ASSESSMENT

The premises have a Rateable Value of £20,750. Interested parties should contact Stockton Borough Council for the exact rates payable.

COUNCIL TAX

Each residential flat falls within Council Tax Band A.


ENERGY PERFORMANCE CERTIFICATE

The property has the following Energy Performance Certificates:

Flat 1 - Band D
Flat 2 - Band D
Flat 3 - Band C
Flat 4 - Band D

Ground Floor - EPC commissioned

VAT

All rents/prices quoted are exclusive of VAT if applicable.

VIEWING

Strictly by appointment through this office
Contact Jack Robinson

Subject to contract