Lorne Howard Industrial Estate, Howard & Lorne Street
Middlesbrough, TS1 5RAThe Space
FOR SALE by Auction
At a glance
| Property Type | Industrial / Industrial |
| Tenure | For Sale |
| Size | 19,513 sq ft |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Middlesbrough
17 mins
James Cook University Hospital
40 mins
Thornaby
42 mins
Billingham
52 mins
Chesham
3857 mins
Broxbourne
3895 mins
Amersham
3899 mins
Chalfont and Latimer
3912 mins
Key Points
- Income Producing Investment Opportunity (Passing rent £63,900)
- Close proximity to the town centre
- Nearby JD Gym, Greggs, Lidl and MiNightVet Care
- Potential Redevelopment opportunity
- Excellent Road Connections to A66/A19
- Auction starting bid from £450,000
- Scope for asset management or re-development
- ///permanent.pitch.reporters
Description
Lorne Howard Estate comprises of three terraces of light industrial/workshop units of traditional construction with brick and block elevations with tile pitched roofs incorporating roller shutter loading doors with loading area and forecourt parking.
The Estate comprises of 31 units (Lorne Street - 21 and Howard St - 10) ranging from 551- 2,100 sqft, spread across ground & first floor workshops, toilets, and reception area. The current passing rental is £63,900 per annum, with an ERV of potentially £95k+. There is vacancy of only 3,575 sqft, these lend to possible new rental setting to drive rental values across the estate.
Each unit fronts either the main road or a court yard set up and the various current tenants include mainly local independent traders as well as a car wash business and community groups. The site provides an excellent asset opportunity to grow and improve by good sensible management.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Unit - Lorne St No.1 to 9 | 5,475 | 508.64 | Let |
| Unit - Lorne St No. 10 -12 | 2,100 | 195.10 | Available |
| Unit - Lorne St No.11-18 + 20 | 3,963 | 368.17 | Let |
| Unit - Lorne St No. 19-21 | 1,475 | 137.03 | Available |
| Unit - Howard St No.2 - 20 | 6,500 | 603.87 | Let |
| Total | 19,513 | 1,812.81 |
The Location
Situated just minutes away from Middlesbrough town centre, the industrial units on Howard and Lorne Street benefit a prime position off the A66, along Victoria Street just off Newport Road in the Cannon Park area of Middlesbrough town centre. Positioned within walking distance of a wide range of shops, eateries and community facilities, providing strong local footfall for businesses.
Transport Links are excellent with the A19 and A66 within a mile radius, and Middlesbrough railway station 1.2 miles North East from the site, providing easy access to larger cities such as Newcastle, Manchester and Leeds.
Viewings
Strictly via our agents and auction department. There will be block viewing dates and full auction documentation provided on full registration.
Auction
Our auction house will provide relevant details and information on registration, please note the Auction price will commence at £450,000 (Four Hundred and Fifty Thousand Pounds)
