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Sotherby Rd – Middlesbrough

Just added

Industrial unit for sale

£550,000 23,487 sq ft

Parker Barras Ltd
Contact name
Aaron Fisher - Parker Barras Ltd
Full address
Sotherby Rd, Middlesbrough TS6 6TT – Middlesbrough
Property type
Industrial unit for sale
Asking price
£550,000
Features
Train transport, Rail access
Size
23,487 sq ft
Number of storeys
2
Building class
B
Rentable building area
23,487 sq ft
Year built
1991

Sale details

Sale unit 3845891

Sotherby Rd, Middlesbrough, Cleveland, TS6 6TT, GB

Unit
Sale unit 3845891
Size
23,487 sq ft
Price
£550,000
Price per unit
£23.42 per sq ft
Sale type
Investment
Tenure
Freehold

Sale notes

  • The site currently comprises of 4 buildings with outdoor space being on 2 acres of land. 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 (1 month notice), 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.

Property description

The site currently comprises of 4 buildings with outdoor space being on 2 acres of land. 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 (1 month notice), 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.

This industrial unit for sale is located in Middlesbrough.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Parker Barras Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Parker Barras Ltd for full details and further information.