Lot 3 - Hadrian House, 81 High Street, Eston, Middlesbrough, Cleveland, TS6 9EH

Upon Instructions of

Liquidators

  • Freehold office investment
  • Let to Trillium (Prime) Property GP Limited until 2018 t/a Job Centre Plus
  • Current rent £65,000 per annum

Details

Location

Teeside is an intensively developed port and industrial area lying along the banks of the River Tees, and incorporating the towns of Middlesbrough, Redcar and Stockton. The region has long been dominated by ship building, steel making and the petro chemical industry with ICI and TATA Steel having major plants in the area.
Middlesbrough lies alongside the A19 trunk road at its junction with the A66, with Newcastle and the Tyne Tunnel 20 miles to the north and Darlington and the A1(M) 10 miles to the west.

The property is situated in the centre of Eston on the north side of High Street close to the junction with Jubilee Road.

Description

The property comprises a three storey detached T-shaped office building of approximately 24,556 sq ft (2,281.27 sq m) of concrete framed construction with an flat asphalt covered roof. There is ample on site car parking.

Tenure

Freehold.

Planning Authority

Redcar & Cleveland Borough Council (01642 774774) www.redcar-cleveland.gov.uk.

VAT

Please refer to the legal documentation.

Energy Performance Certificate

For EPC Rating please see legal documentation

Address Tenant Floor Use Sq M Sq Ft Lease terms Rent £ pa
TOTAL 2,281.27 24,556 £65,000
Hadrian House Trillium (Prime) Property GP Limited (1) t/a Job Centre Plus Ground Office 666.07 807.60 807.60 7,170 8,693 8,693 Expiring 31/03/2018 £65,000
Electricity sub station The North Eastern Electricity Board External Substation Not measured Expiring 07/12/2070 Peppercorn
The measurements have been taken from the VOA website.
(1) The rent has been reduced to £65,000 with effect from 14/07/2014 in consideration of the tenant giving up its right to terminate as at 31/03/2015.

Contact

Seller's solicitor

Dentons UKMEA LLP (Thomas Sheldon)
020 7320 6894
thomas.sheldon@dentons.com

*Reserve not to exceed

The reserve is the minimum amount the Seller will currently accept. This figure does not represent a valuation nor does it reflect the likely sale price. It is subject to change, upwards or downwards.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.

Sold for £427,000

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Reserve not to exceed:
£410,000 - £420,000
Related Documents

Agreement Documents

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.