Non quoting
Industrial for saleUnit 20 Lustrum Avenue, Stockton On Tees TS18
10,251 sq. ft
Leasehold
About this property
125 yr long lease commenced 5/7/1988
Located within the busy portrack industrial estate
Dual access points to the front and rear allowing flexible operational use and potential subdivision
Suitable for owner-occupiers, investors, trade counter operators, storage businesses and industrial users.
Eaves height of approximately 7.6 metres, suitable for a variety of industrial, logistics, storage and trade counter uses (subject to any necessary consents).
Potential for rental growth and future asset management opportunities
Description
Unit 20 Lustrum Avenue comprises a substantial detached industrial and warehouse facility situated on a self-contained site within the well-established Portrack Industrial Estate. The property provides versatile accommodation extending to approximately 10,251 sq ft and incorporates warehouse space, offices, ancillary staff facilities and mezzanine storage. Benefiting from a generous eaves height, roller shutter access and extensive external yard and parking areas, the property is suitable for a wide range of industrial, storage, distribution, trade counter and manufacturing uses, subject to any necessary consents. The premises offer an excellent opportunity for owner occupiers, investors or developers seeking a well-located industrial asset in one of Teesside's most sought-after commercial locations.
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.
Location
The property occupies a prominent position on Lustrum Avenue within the established Portrack Industrial Estate, Stockton-on-Tees. Portrack is recognised as one of the North East's principal industrial and trade locations, home to a wide variety of national, regional and local occupiers including trade counter operators, logistics businesses, manufacturers and retailers. The estate benefits from excellent road communications, with convenient access to the A1046 Portrack Lane, the A19 and A66 trunk roads, providing direct links throughout Teesside, County Durham, North Yorkshire and the wider national motorway network. Stockton Town Centre lies approximately 2 miles to the south-west, whilst Middlesbrough is located approximately 4 miles to the south, making the property well positioned to serve the wider Tees Valley region.
Auction Terms
Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
A Legal Pack associated with this particular 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 of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Unit 20 Lustrum Avenue comprises a substantial detached industrial and warehouse facility situated on a self-contained site within the well-established Portrack Industrial Estate. The property provides versatile accommodation extending to approximately 10,251 sq ft and incorporates warehouse space, offices, ancillary staff facilities and mezzanine storage. Benefiting from a generous eaves height, roller shutter access and extensive external yard and parking areas, the property is suitable for a wide range of industrial, storage, distribution, trade counter and manufacturing uses, subject to any necessary consents. The premises offer an excellent opportunity for owner occupiers, investors or developers seeking a well-located industrial asset in one of Teesside's most sought-after commercial locations.
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.
Location
The property occupies a prominent position on Lustrum Avenue within the established Portrack Industrial Estate, Stockton-on-Tees. Portrack is recognised as one of the North East's principal industrial and trade locations, home to a wide variety of national, regional and local occupiers including trade counter operators, logistics businesses, manufacturers and retailers. The estate benefits from excellent road communications, with convenient access to the A1046 Portrack Lane, the A19 and A66 trunk roads, providing direct links throughout Teesside, County Durham, North Yorkshire and the wider national motorway network. Stockton Town Centre lies approximately 2 miles to the south-west, whilst Middlesbrough is located approximately 4 miles to the south, making the property well positioned to serve the wider Tees Valley region.
Auction Terms
Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
A Legal Pack associated with this particular 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 of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
.png){kind=logo}