Warehouse
A warehouse with single storey office in Stockton On Tees. Currently let producing £55,000 per annum.
A warehouse and office with a total site area of circa 1580 sqm located in the Stockton-on-Tees Borough Council, approximately 3.2 miles to the southwest of Middlesbrough. Situated on Glasgow Street, the property forms part of an established industrial trading estate.
The Property is located approximately 3.2 miles southwest of Middlesbrough, 40 miles southeast of Newcastle upon Tyne and 64 miles north of Leeds. Thornaby railway station is situated approximately 240 metres to the northwest of the Property and there are direct services to Saltburn (33 mins), York (53 mins) and Leeds (1 hour 18 mins). The A1 motorway is located approximately 11 miles to the west of the property and access to the A66 dual carriageway is a short distance to the south.
The property comprises a warehouse and single storey office block fronting onto Glasgow Road. The office has a reception, WCs, open plan office, directors office and store. The warehouse has an integral two storey office, comprising a shower room, further WCs, kitchen/canteen to the ground floor. To the first floor, there are two large offices and a boardroom. There is a trade counter to the ground floor with a large mezzanine. The warehouse is of portal steel frame with part brick and part profile metal clad walls, solid concrete flooring and various roller shutter doors. Externally, there is an enclosed and secure yard.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
