Howdens Joinery Portrack Industrial Estate Stockton on Tees Cleveland TS18 2PN

Howdens Joinery
Portrack Industrial Estate
Stockton on Tees
Cleveland
TS18 2PN

Trade Counter Investment

Entirely let to Howdens Joinery (with guarantee)
Located within the established Portrack Industrial Estate
Nearby occupiers include Magnet, Discount Motor Co, M&J Commercial and Crossling Plumbing Merchants
Approximate site area of 0.235 hectares (0.581 acres)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
31
Auction
10th December 2015
Rent
£42,104 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Trade Counter Investment

Entirely let to Howdens Joinery (with guarantee)
Located within the established Portrack Industrial Estate
Nearby occupiers include Magnet, Discount Motor Co, M&J Commercial and Crossling Plumbing Merchants
Approximate site area of 0.235 hectares (0.581 acres)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 31
Auction 10th December 2015
Rent £42,104 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Trade Counter/Builders Merchants
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 13 miles north-west of Darlington, 24 miles south-east of Durham, 35 miles south of Newcastle Upon Tyne
Roads: A1046, A19, A1032
Rail: Stockton Rail
Air: Durham Tees Valley International Airport

Situation

The property is situated in the well established Portrack Industrial Estate, just off the A1046 within close proximity to the A19 and Stockton town centre. The property is located on the northern side
of Portrack Grange Road, with other nearby occupiers including Magnet, Discount Motor Co, M&J Commercial and Crossling Plumbing Merchants.

Tenure

Virtual Freehold. Held for a term of 999 years expiring 7th November 2998 at a peppercorn rent.

Location

Miles: 13 miles north-west of Darlington, 24 miles south-east of Durham, 35 miles south of Newcastle Upon Tyne
Roads: A1046, A19, A1032
Rail: Stockton Rail
Air: Durham Tees Valley International Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years expiring 7th November 2998 at a peppercorn rent.

Description

The property comprises a ground floor standalone trade counter unit and a total approximate site area of 0.235 hectares (0.581 acres).

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Trade Counter/ Ancillary	977.31 sq m	(10,519 sq ft)	HOWDEN JOINERY PROPERTIES LIMITED (1) (with guarantee from Howden Joinery Limited) (2)	15 years from 06/11/2005 on a full repairing and insuring lease	£42,104	15/11/2015
Totals		977.31 sq m	(10,519 sq ft)			£42,104

(1) For the year ending 27th December 2014, Howden Joinery Properties Limited reported a turnover of £40,790,000, pre-tax profits of £686,000 and a total net worth of £334,000. (Source: Experian Group 12/11/2015)
(2) For the year ending 27th December 2014, Howden Joinery Limited reported a turnover of £1,080,083,000, pre-tax profits of £193,306,000 and a total net worth of £447,884,000. (Source: Experian Group 12/11/2015)