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Trade Counter / Warehouse Investment
Units 1 & 2, Telford Road & South Bank Road, Middlesbrough TS3 8BL
Trade Counter / Warehouse Investment Opportunity

Units 1 & 2, Telford Road & South Bank Road, Middlesbrough TS3 8BL
Investment Considerations
■ Excellent location on Telford Road, situated
2 miles east of Middlesbrough town centre
■ Two modern warehouse units, constructed in 2004,
totalling approximately 4,500.2 sq m (48,440 sq ft)
■ 7 years unexpired to the strong covenant
of Wolseley Centers Limited
■ Low site coverage of 27%
■ Total passing rent of £250,500 per annum
■ Offers are sought in the region of £2,300,000
(Two Million Three Hundred Thousand Pounds)
subject to contract and exclusive of VAT reflecting
a net initial yield of 10.29% after usual purchasers
costs of 5.8%
Location
Middlesbrough is the commercial capital of Teeside,
situated approximately 68 km (42 miles) to the south of
Newcastle and 109 km (69 miles) to the north of Leeds.
Road communications are good with the A19 providing
access to Middlesborough town centre and junction 56
of the A1 (M) which is the main arterial route to both
Leeds and Newcastle. Darlington is accessed via the
A66 some 26 km (16 miles) to the South West.
Middlesborough also benefi ts from good public transport
facilities with a number of bus routes providing direct
access to Newcastle City centre and regular rail services
to London with an approximate journey time of 3 hours
and 30 minutes.
Durham Lees Valley Airport and Newcastle International
Airport are situated 74 km (45 miles) and 18.5 km A66
(11.5 miles) from Middlesbrough town centre respectively.
A1
A66
A172
A1085
A69
A66
A69
A68
A68
A69
A68
A68
A66
A68
A69
A68
A68
A66
A1
A68
A1
Newcastle
upon Tyne
Gateshead
A1
Durham
A68
A167
A1(M)
A167
A167
A167
A1(M)
A167
A167
A167
A19
A1(M)
A1(M)
Darlington
South
Shields
A19
Sunderland
A19
A66
A19
A177
A66
Durham
Tees Valley
International Airport
Hartlepool
Billingham
MIDDLESBROUGH
A66
A19
A177
A19
A19
A19
A19
A689
A174
A689
A66
A172
A172
A174
Redcar
A171
Brotton
A171
A171
A171
A1
Richmond
A19
A172

d
Works Rd
Trade Counter / Warehouse Investment
Description
The property comprises two modern trade counter warehouse units,
constructed in 2004, with a substantial secure yard on a site of 4.12 acres
(1.66 hectares). The property has a site coverage of 27%. Both buildings are
of steel portal frame construction providing a clear internal height of 7.2 metres
(23’ 3”) and an external eaves height of approximately 8 metres (26’ 3”).
Accommodation
The property provides the following accommodation:
UNIT 2
Unit Sq M Sq Ft
Unit 1* 3,563.0 38,352
Unit 2 937.2 10,088
UNIT 1
Total 4,500.2 48,440
*The yard area is approximately 1.4 acres (0.56 hectares).
Tenancy
Both units are let on two separate FRI leases with 5 yearly rent reviews to
Wolseley Centres Limited for 15 years from 5th March 2004 and expiring
on 4th March 2019. Unit 1 is let at a current rent of £205,500 which
equates to £162,800 per annum (£4.24 per sq ft) on the warehouse unit
and £42,700 per annum for the yard area. Unit 2 is let at a current rent
of £45,000 (£4.46 per sq ft) per annum.
A licence to sublet Unit 1 to LV Shipping Limited has recently been granted
for the remainder of the term subject to 12 monthly mutual break options.
Further information is available on request.
Tenure
Tees Bridge
Newp ort Rd
Ackham R
A66
Haywood St
A66
A1032
A66
Newport Rd
North Rd
A178
B1272
Hartington Rd
Bridge St
Littlehope Rd
A66
TOWN CENTRE
B1272
Middlesbrough
Albert Rd Albert Rd
Borough Rd
Albert Park
Dock St
Winward Way
Marton Rd Marton Rd
A66
Borough Rd
Marton Rd
Shepherdson Way
Borough Rd
A172
Longlands Rd
Dockside Road
Industrial Estate
Westbo urne Grove
B1513
The Leeway
Dockside Rd
A66
King’s Rd
A1085
Ormesby Rd
S Bank Rd S Bank Rd
A171
Cargo Fleet Ln
The Pallister
Park
Dockside Rd
A66
W esterby Rd
B1513
Motor Sports
Park
S Bank Rd
Queensway
Telford Rd
Middlesbrough R d
Sotherby Rd Sotherby Rd
Longlands Rd Longlands Rd
A171
Homerton Rd
Cargo Fleet Ln
A66
Brunel Rd
A1085
Sotherby Rd
Trunk Rd
Situation
Telford Road is situated in an area
known as South Bank, approximately
4.8 km (3 miles) to the east of
Middlesbrough town centre within
a principally industrial area.
The property is located on the East
Middlesborough Industrial Estate
at the junction of Telford Road and
South Bank Road.
Freehold.
Covenant Information
Wolseley UK Limited is the UK’s leading distributor of plumbing and building
materials and products, serving professionals in the construction industry
through a number of trading brands (BCG, Climate Centre, Drain Centre,
Pipe Centre, Plumb Centre and William Wilson). The UK’s leading bathroom
specialist Bathstore is also part of Wolseley UK.
July 2011 July 2010 July 2009
Turnover £1,906,668,000 £1,849,910,000 £1,909,387,000
Pre- Tax Profi t £1,987,000 -£30,509,000 £87,532,000
B1272
A172
Net Worth £945,541,000 £929,381,000 £778,499,000
Ormesby Rd
Ackham Rd
A1032
The Ave
The Ave
Marton Burn
Rd
A171
VAT
We understand that the property is elected for VAT.
Marton Rd
Ormesby Rd
Emerson Ave
Keith Rd
© Crown Copyright, ES 100020449. For identifi cation purposes only.
Ormesby Rd
Ackham Rd
Green Ln
A172
High St

Units 1 & 2, Telford Road & South Bank Road, Middlesbrough TS3 8BL
Proposal
Offers in excess of £2,300,000 (Two Million Three Hundred Thousand
Pounds), subject to contract and exclusive of VAT reflecting a net
initial yield of 10.29% after usual purchaser’s costs of 5.8%.
For further information or to make arrangements for viewing please contact:
David Hammond
020 7543 6721
david.hammond@allsop.co.uk
Dale Johnstone
020 7543 6796
dale.johnstone@allsop.co.uk
www.allsop.co.uk
Notice: One of the Partners of Allsop, via their Self Invested Pension Plan, has a small beneficial interest in the property.
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property
are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations,
warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a)
satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and
(e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. 03.12