Industrial Unit For Sale/May Let in Stockton, 48B Earlsway, Teesside Industrial Estate, Stockton-on-Tees, TS17 9JU

The property comprises a semi-detached industrial unit of steel frame construction with a mix of brick and blockwork infill elevations and profile sheet metal cladding, under a flat, profile sheet clad deck roof. The minimum eaves height is 4.84 metres.

Internally, the property provides workshop accommodation with reception area, ancillary offices, WC and staff facilities and stores. The workshop flooring is solid concrete with insulated walls and exposed ceilings, with fluorescent strip lighting. The integral ancillary accommodation is fitted out with, in the main, carpet flooring.

Externally, there is designated parking to the front of the unit, where there is also warehouse access via two electric roller shutter doors to a height of 4.59m and width of 4.21m. The unit benefits from gated access and an additional grassed area to the rear provides expansion land to create more floor space if required. The property is capable of housing two separate occupiers on a leasehold basis.

The subject property is situated on the eastern edge of Teesside Industrial Estate, fronting Earlsway which is accessed from Fleck Way.

Teesside Industrial Estate is situated approximately 2 miles south of Thornaby, 4 miles south of Stockton on Tees and 7 miles south of Middlesbrough. The estate lies adjacent to the A19 and 3 miles from the A66, both of which provide direct access to the region’s wider road networks. A new roundabout access has also recently been created directly from the A174 providing a direct road link to the A19.

In terms of surrounding land uses, the immediate locality is industrial in nature. Nearby occupiers include Harrison Packaging, DHL and Teesside Caravan Storage.

We are instructed to seek offers in the region of £550,000 for the benefit of our client’s long leasehold interest. Alternatively, our client may consider disposing of the property on a leasehold basis at a rent of £53,750 per annum for a term of years to be agreed, subject to contract.

The property is held on a long leasehold interest for a term of 125 years from 16 December 1998 at a peppercorn rent.