Industrial for sale

Lustrum Avenue, Stockton-On-Tees TS18

Summary

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. The asking price of 500,000 reflects a net yield of 8.7% after assuming standard purchasers costs of 3.4%

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.