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

Guide Price* : £410,000 - £420,000

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

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.

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.

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

Tenancy & Accommodation

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

Vendor's solicitor

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

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

Log in to view your status

Sold for £427,000

This auction lot is now closed.

Auction Ended

Connecting to server...

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Contact
020 7198 2284

Vendor

Liquidators

Vendors Solicitor

(Thomas Sheldon)
020 7320 6894

Related Documents

Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton December 2019

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.