Log In/Sign Up
Your email has been sent.
1A Lustrum Av 22,593 SF 100% Leased Industrial Building Stockton On Tees TS18 2RB $482,186 ($21.34/SF) 8.70% Cap Rate
Investment Highlights
- Fully let investment to Gafoor Cash & Carry Ltd until 2031
- Passing rent of £45,000 per annum
- Good access to Teesside road network
- Located within established Portrack Industrial Estate
- Potential inclusion of additional land under separate title
- Open plan warehouse layout for efficient operations
Executive Summary
The property is offered for sale via auction as a long leasehold interest and is fully let to Gafoor Cash & Carry Ltd on a new 5-year lease expiring in 2031, producing £45,000 per annum. The sale includes a self-contained industrial unit along with additional land held under a separate title, providing operational flexibility. The quoting price of £360,000 represents a starting bid, while the £500,000 asking price reflects a net initial yield of approximately 8.7% after standard purchaser costs.
Property Facts
| Price | $482,186 | Property Subtype | Warehouse |
| Price Per SF | $21.34 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 8.70% | Rentable Building Area | 22,593 SF |
| Sale Condition | Auction Sale | No. Stories | 2 |
| Tenure | Freehold | Year Built | 1900 |
| Property Type | Industrial |
| Price | $482,186 |
| Price Per SF | $21.34 |
| Sale Type | Investment |
| Cap Rate | 8.70% |
| Sale Condition | Auction Sale |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.52 AC |
| Rentable Building Area | 22,593 SF |
| No. Stories | 2 |
| Year Built | 1900 |
1 1
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1A Lustrum Av
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.