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Investment site with development potential

Hamilton House, Middlesbrough, North Yorkshire, TS3 8BT, UK
£ 550,000
Property Description:

FANTASTIC INVESTMENT OPPORTUNITY, extending to 1.2 acres - potential for future redevelopment

Hamilton House, which is divided into 4 units with external hardstanding is at the junction of Cargo Fleet Lane and Sotherby Road, Middlesbrough, TS3 8BT

Location

This development is located in the Brambles Farm area of Middlesbrough, approximately 1.5 miles away from Middlesbrough Town Centre. The site can be accessed via: Cargo Fleet Lane, which provides quick access to the A66 motorway and other regional road networks (such as the A19); Sotherby Road, which leads into Cargo Fleet Industrial Estate and the A1085 (Longlands Road), providing access to thousands of nearby residents.

Description

The site currently comprises of 4 buildings with outdoor space. The occupants are providing a £33,000 rental income, details are available on request. This investment is perfect for an investor who wishes to make an immediate return on their money. Due to the lack of other similar sites in the area, the value of this site is expected to rise as it becomes ideal for future redevelopment. Each of the current occupants are on short leases, meaning there is a potential to increase the rental income further.

Access is currently via Sotherby Road, which is more suited than Cargo Fleet Lane due to how busy this road is throughout the day. Cargo Fleet Lane is one of the main through roads from the A66 to the 30,000+ nearby residents, South of the River Tees.

These units and any potential redevelopment will benefit from established neighbours such as Lidl Supermarket, Go Interiors, Middlesbrough Council, Parfetts Cash & Carry, Screwfix, HSS Hire, Starbucks, several National Car Sales firms and McDonalds.

Terms

All enquiries are to be directed through Parker Barras, who are acting as sole agent for the proposed sale.

Features

General Facts & Features
Densely populated area
Established neighbouring businesses
Close to transport links

Transport Links

  • Airport: 15 minutes by Car
  • Train station: 5 minutes by Foot
  • Town center: 5 minutes by Car
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