£45,000 pa

Industrial to let

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Just added

£45,000 pa

(£4.10/sq. ft. pa)

Industrial to let

Buck Street, Middlesbrough TS2

10,985 sq. ft

Local area information

Property location

Nearby amenities

  • Middlesbrough 0.4 miles
  • High Clarence Primary School 0.5 miles
  • Transporter Bridge South Side 0.5 miles
  • Newport Primary School 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Middlesbrough to find out more about the local area.

Features and description

  • Location: Established industrial estate on Buck Street, 0.8 miles north of Boro
  • Transport: Excellent links, 0.6 miles north of the A66 and near the railway stat
  • Site Size: Secure, enclosed 0.79-acre (0.32 ha) site with brick boundary wall.
  • Large industrial unit and a detached two-storey office block.
  • Total gia: Approximately 1,020.53 sq m (10,985 sq ft) overall.
  • Workshop Detail: Main workshop features 10.3-metre eaves height.
  • Yard: 0.45-acre concrete hardstanding yard including a weighbridge.
  • Availability: Available via assignment of existing lease
  • Rent/rv: Rent is £45,000 p.a. (excl. VAT); Rateable Value is £40,750.
Location


The property is located on Buck Street, just off North Road and benefits from a strategic position 0.8 miles north of Middlesbrough town centre, close to Riverside Park, in an established industrial estate.

Situated on the north side of Buck Street, nearby occupiers include A V Dawson, Cleveland Timber Supplies, Greggs, Auto Tech Centre, emr and Leaders Paper Merchants.

This location benefits from good transport links and is positioned 0.6 miles north of the A66,0.7 miles north west of Middlesbrough railway station and 0.6 miles south of the River Tees.
Description


The property comprises a large general industrial unit, detached two storey office block, various smaller ancillary office/storage buildings and 0.45 acre concrete hardstanding yard on a secure enclosed 0.79 acre site.

The portal frame, profile sheet clad, industrial unit provides open plan workshop accommodation benefitting from 10.3 metre eaves height.

To the northern end of the site, a two storey detached building of brick construction provides office accommodation and staff amenities across two floors.

The remainder of the site comprises a concrete hardstanding yard benefitting from a weighbridge and ancillary offices and workshop. The site benefits from two vehicular entrances from Buck Street and is secured by a six foot high brick boundary wall.

The property, which has been occupied by Whitehead Alloys Limited for a number of years, is suitable for a variety of industrial uses subject to any necessary statutory consents.
Accommodation


The approximate accommodation provided is as follows -

Main Workshop: 892.34 sq m ( 9,605 sq ft)
Offices: 72.20 sq m ( 777 sq ft)
Workshop: 35.16 sq m ( 378 sq ft)
Yard Office: 14.43 sq m ( 155 sq ft)
Weighbridge Office: 6.40 sq m ( 69 sq ft)

Total: 1,020.53 sq m (10,985 sq ft)

Yard: 0.18 ha 0.45 acres

Site Total: 0.32 ha 0.79 acres
Rating assessment


The property has a current Rateable Value of £40,750. Interested parties should contact Middlesbrough Council to enquire as to the precise rates payable.
Proposed terms


The property is available to let via the assignment of the existing lease. Brief details of the lease are as follows:

Landlord: Middlesbrough Council
Lease Term: 20 years from 17 July 2009
Rent Payable: £45,000 per annum from 2024*
Rent reviews: 5 Yearly - No further rent reviews
User: Scrap metal business including manufacture and storage of metals and related processes. Change is permitted with landlord's consent and is not to be unreasonably withheld.
Repairs: External - Tenant
Internal - Tenant
Insurance: Tenant reimburses landlord's premium

* The lease includes an outstanding rent review and following negotiations the Landlord has offered to settle at £45,000 per annum and the review would be concluded at date of lease assignment.
VAT


The rent quoted is exclusive of VAT.
Legal costs


Each party will be responsible for their own legal fees in respect of this transaction. An undertaking to cover abortive costs will be required to be entered into by the successful applicant.
Viewing


Viewings can be arranged through our office.

Please contact Jack Robinson on or via email -

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  1. Zoopla
  2. Commercial to let
  3. North Yorkshire
  4. Teesside
  5. Middlesbrough
  6. Buck Street