Industrial Unit For Sale (Long Leasehold) by Auction. Starting Bids £380,000
Summary
- 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
- New key point...
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Unit | 7,160 | 665.19 | Available |
| Ground - Offices/ Reception | 650 | 60.39 | Available |
| 1st - First Floor Offices | 441 | 40.97 | Available |
| Mezzanine - 1st Floor Storage | 2,000 | 185.81 | Available |
| Total | 10,251 | 952.36 |
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.
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Mainline Stations
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Thornaby31 mins
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Middlesbrough32 mins
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Stockton35 mins
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Billingham38 mins
Underground Station
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Chesham3868 mins
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Broxbourne3909 mins
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Amersham3910 mins
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Chalfont and Latimer3923 mins
Further Information
Price Auction £380,000 Starting Bids
Rates Payable Upon Enquiry
Service Charge n/a
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.
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