Newcomen Rd
Middlesbrough TS6 6PS
Skippers Lane Industrial Estate · Industrial Property For Sale
·
28,149 SF
INVESTMENT HIGHLIGHTS
- Freehold Property
- Access via A1085
- Parking
EXECUTIVE SUMMARY
Merc Spec has been trading for over 20 years and operates from 2 freehold modern units in Skippers Lane, Middlesbrough, One of which was built in 2020 . These are also included in the sale.
PROPERTY FACTS
| Total Building Size | 28,149 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 27,351 SF |
| Year Built | 1989 |
AMENITIES
- Storage Space
1 UNIT AVAILABLE
Unit Unit 15-16
| Unit Size | 6,466 SF |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
Merc Spec shows healthy figures yearly. Their most recent accounts submitted in July 2024 show a turnover of £800,000 + and a profit in the region of 14%. More up to date management accounts are available.
Located in the 2 units are 10 car lifts in total, one of which is a 5 ton commercial lift. The unit has undergone some cosmetics upgraded as of December 2024, including a freshly painted workshop floor, offering a more premium look.
In summary this business offers a purchaser the ability to continue to operate the successful vehicle servicing business whilst also purchasing the properties. As the properties are owned in the company and this is to be a share sale this will void the need to pay stamp duty.
SALE NOTES
£775,000
