Warehouse for sale in Startforth Road, Riverside Park, Middlesbrough TS2
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- 3 phase electric
- Roller Shutter security
- First floor office accommodation
- Established location
- Investment property
Property description
Location
The property is situated on Riverside Park in Middlesbrough on Startforth Road close to Riverside Park Road. Other occupiers in the immediate vicinity include AV Dawson, Bulkhaul and Handelsbanken.
The road network is excellent giving quick access to the A66 & A19, sub-region and beyond.
Description
The buildings were built in 1990 for a bespoke owner occupier.
The accommodation available comprise warehouse and office accommodation across ground and first floors.
The warehouse space benefits from roller shutter access and three-phase electricity.
Externally the property benefits from parking across the front of the building.
Accommodation
The property provides the following approximates areas:
Gross Internal Area
Unit 1 6,032 sq ft 560.40 sq m
Unit 2 6,161 sq ft 572.40 sq m
Unit 3 6,000 sq ft 557.40 sq m
Total 18,193 sq ft 1,690.20 sq m
Tenure
The subject property is held long leasehold on a 125 year lease from 28th March 1995 at a Peppercorn Rent.
Unit 1 & 2 is let to Kiowa Limited, for a term of 5 years from 29th November 2019, at a rent of £32,000 per annum exclusive.
Unit 3 is owner occupied and available with vacant possession. The occupier is open to starting a new lease at the date of sale.
Price
The long leasehold interest of Unit 1 & 2 is available to purchase for £400,000.
The long leasehold interest is available to purchase, as a whole, for £600,000.
Rating assessment
The property has the following Rating Assessments:
Unit 1 & 2: £35,750
Unit 3: £39,000
Tenant
Unit 1 & 2 is let to Kiowa Limited, for a term of 5 years from 29th November 2019, at a rent of £32,000 per annum exclusive.
Company Number – 02667552
The tenants latest accounts reveal profits of:
Year ending January 2020
£346,743 from a turnover of £12,455,540
Year ending January 2021
£303,705 from a turnover of £10,890,450
Unit 3 is owner occupied.
Energy performance certificates
The property has the following EPC banding:
Unit 1 – 2: Band C
Unit 3: Band B
Legal costs
Each party is responsible for their own.
Viewing
Strictly by appointment through this office
Paul Stevenson / Jack Robinson
Tel: Subject to contract
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Thomas Stevenson, TS18 on +44 1642 966759 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Thomas Stevenson, and do not constitute property particulars. Please contact Thomas Stevenson for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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Thomas Stevenson
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Wellington House, Wellington Court, Preston Farm Business Park, Stockton on Tees, TS18 3TA