Description

For Sale: Investment / Development Opportunity, Stonehouse Street, Middlesbrough, TS5 6HR

The majority of the property is let at a rental of £25,000 per annum for 6 years 11 months from November 2022. The rent increases to £27,000 Per annum in October 2025 and then £30,000 in October 2026 There is no break clauses. We understand the property is currently sublet and includes various workshops, a car sales forecourt and kitchen equipment retailer and an embroidery and printing shop

The part of the site on Emmerson Street has planning for 6 industrial units Planning Ref: 25/0074/FUL

Office 66.64sq m / 717 sq ft 

Store 140.05 sq m / 1507 sq ft 

Workshop 125.24 sq m / 1348 sq ft 

Store 46.96 sq m / 505 sq ft 

Store 89.63 sq m / 964 sq ft 

Store 20.31 sq m / 218 sq ft 

Total 488.83 sq m / 5259 sq ft 

Total Site Area 0.56 acres.

0.28 acres hardstanding

Freehold £550,000

Please note buyers will be liable to make a contribution of 1% of the sale price for surveyors fees. 

** Please note all red line images are for illustrative purposes only and are only there to provide a brief understanding on the property, they may differ slightly to exact boundaries on title plans