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Lustrum Avenue, Stockton-on-Tees, Durham, TS18 2RB

Guide Price
£360,000

Business rates & charges may apply

Pattinsons, Pattinsons Auction- National Auctioneer
SIZE

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SECTOR

Heavy industrial facility for sale

Key features

  • Industrial Unit, Offices, Mezzanine Storage, Compound and Parking
  • Located Within The Busy Portrack Industrial Estate
  • 125 Year Long Lease Commenced 5/7/1988
  • Brand new 5 year lease available
  • Income: £45,000 per annum

Description

For sale via auction - fees, terms and conditions apply.

The property comprises a self-contained warehouse / industrial unit of traditional construction, providing practical and functional accommodation suitable for a range of light industrial, storage, trade counter, or business uses (subject to the necessary consents).
The warehouse benefits from a regular-shaped open plan working area, allowing efficient use of space for storage, workshop, or operational purposes. Access is provided directly from Lustrum Avenue, with internal circulation that enables straightforward movement of goods and equipment.
The property is offered as a long leasehold interest across two title numbers, providing control over both the built accommodation and the adjoining land. A key feature of the property is the possible inclusion of additional land, which is accessed directly from within the warehouse. This land could form part of the sale and is held under a separate title number, offering flexibility for external storage, yard space, or ancillary operational use, subject to planning and statutory requirements.

Unit 20 is situated on Lustrum Avenue, a well-established commercial and industrial location within Stockton-on-Tees. The area benefits from good access to local amenities and the wider Teesside road network, making it suitable for trade counter, storage, and light industrial occupiers.

Fully let to Gafoor Cash & Carry Ltd on a new 5 year lease expiring in 2031. The passing rent of £45,000 equates to £4.41 per sq ft.

Please note we have not inspected this property.

Location

Unit 20 is situated on Lustrum Avenue, a well-established commercial and industrial location within Stockton-on-Tees. The area benefits from good access to local amenities and the wider Teesside road network, making it suitable for trade counter, storage, and light industrial occupiers.

Accommodation

The property comprises a self-contained warehouse / industrial unit of traditional construction, providing practical and functional accommodation suitable for a range of light industrial, storage, trade counter, or business uses (subject to the necessary consents).
The warehouse benefits from a regular-shaped open plan working area, allowing efficient use of space for storage, workshop, or operational purposes. Access is provided directly from Lustrum Avenue, with internal circulation that enables straightforward movement of goods and equipment.

EPC

Rating D - full report available on request.

Tenure

Long leasehold, title numbers CE216665 & CE121210

Rateable Value

Current rateable value (1 April 2026 to present) £16,500

Sourced from VOA

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

Lustrum Avenue, Stockton-on-Tees, Durham, TS18 2RB

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Thornaby Station1.4 miles
  • Stockton Station1.7 miles
  • Middlesbrough Station1.7 miles

About Pattinsons, Pattinsons Auction- National Auctioneer

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 516297. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinsons, Pattinsons Auction- National Auctioneer. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”