Lorne Howard Industrial Estate, Howard & Lorne Street

Middlesbrough, TS1 5RA

19,513 sq ft

FOR SALE by Auction

Summary

Income Producing Investment Opportunity (Passing rent £63,900)
Close proximity to the town centre
Nearby JD Gym, Greggs, Lidl and MiNightVet Care
Potential Redevelopment opportunity
Excellent Road Connections to A66/A19
Auction starting bid from £450,000
Scope for asset management or re-development
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Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m	Availability
Unit - Lorne St No.1 to 9	5,475	508.64	Let
Unit - Lorne St No. 10 -12	2,100	195.10	Available
Unit - Lorne St No.11-18 + 20	3,963	368.17	Let
Unit - Lorne St No. 19-21	1,475	137.03	Available
Unit - Howard St No.2 - 20	6,500	603.87	Let
Total	19,513	1,812.81

Lorne Howard Industrial Estate, Howard & Lorne Street - Plan pic.jpg

Location

Situated just minutes away from Middlesbrough town centre, the industrial units on Howard and Lorne Street benefit a prime position off the A66, along Victoria Street just off Newport Road in the Cannon Park area of Middlesbrough town centre. Positioned within walking distance of a wide range of shops, eateries and community facilities, providing strong local footfall for businesses.

Transport Links are excellent with the A19 and A66 within a mile radius, and Middlesbrough railway station 1.2 miles North East from the site, providing easy access to larger cities such as Newcastle, Manchester and Leeds.

Get directions from Google Maps

Mainline Stations

Middlesbrough

17 mins
James Cook University Hospital

40 mins
Thornaby

42 mins
Billingham

52 mins

Underground Station

Chesham

3857 mins
Broxbourne

3895 mins
Amersham

3899 mins
Chalfont and Latimer

3912 mins

Further Information

Rates Payable Upon Enquiry

Description

Lorne Howard Estate comprises of three terraces of light industrial/workshop units of traditional construction with brick and block elevations with tile pitched roofs incorporating roller shutter loading doors with loading area and forecourt parking.

The Estate comprises of 31 units (Lorne Street - 21 and Howard St - 10) ranging from 551- 2,100 sqft, spread across ground & first floor workshops, toilets, and reception area. The current passing rental is £63,900 per annum, with an ERV of potentially £95k+. There is a vacancy of only 3,575 sqft, these lend to possible new rental setting to drive rental values across the estate.

Each unit fronts either the main road or a court yard set up and the various current tenants include mainly local independent traders as well as a car wash business and community groups. The provides an excellent asset opportunity to grow and improve by good sensible management.

Viewings

Strictly via our agents and auction department. There will be block viewing dates and full auction documentation provided on full registration.

Auction

Our auction house will provide relevant details and information on registration, please note the Auction price will commence at £450,000 (Four Hundred and Fifty Thousand Pounds)