Back to search resultsSign House, Maritime Road/Baltic Road, Stockton-on-Tees, TS18 2EZ
£875,000
Key information
- investment
- Stockton-on-Tees
- 13464 sqft
- Prominent position: Roadside position on Baltic Road 0.3 miles from Stockton town centre and adjacent to the west end of Portrack Lane.
- Location: 100m north of the major Riverside/A1305 junction which provides access to the wider Teesside area via the A19 and A66 to the east.
- Commercial: 7534 sq ft offices, workshops and stores
- Residential: 3 x 5 bedroom & 1 x 3 bedroom flats
- Close to: Stockton Waterfront – an ambitious urban park and event space offering flexible spaces for community and large-scale events.
- External parking: Covered parking for approximately 12 vehicles and on-site loading bay
- Investment: 4 flats currently let on an Assured Periodic Tenancy agreement / Ground floor retail unit £30,000 pa
- Total Income: £119k
Description
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Brochure
Location
The property is located within the town of Stockton on Tees, which is situated 3 miles west of Middlesbrough, 9.5 miles south-west of Hartlepool and 10 miles east of Darlington.
Situated just 0.3 miles north-east of Stockton town centre and adjacent the west end of Portrack Lane, Sign House holds a prominent roadside position on Baltic Road, 100m north of the major Riverside/A1305 junction which provides access to the wider Teesside area via the A19 and A66 to the east.
The surrounding locality is in mixed commercial use with nearby occupiers being an assortment of retail, leisure and industrial businesses. Established occupiers in the vicinity include Peugeot Simon Bailes Stockton, Halfords, Farm Foods, Hampton by Hilton and Stockton Borough Council.
This area of Stockton is currently undergoing major renovation with the development of Stockton Waterfront – an ambitious urban park and event space offering flexible spaces for community and large-scale events.
Description
The property comprises a detached two storey building, formerly occupied as a working mans club, but converted and redeveloped to provide a ground floor showroom/workshop and first floor residential accommodation.
The ground floor is arranged to provide a ground floor workshop and retail area. The residential element is arranged to provide 3 x 5 bedroom flats and 1 x 3 bedroom flat.
The ground floor accommodation is configured to provide a sales area/showroom, workshop, warehouse, ancillary offices, print shop, and stores together with ancillary staff rooms/kitchen facility and separate male and female w.c’s.
The first floor is arranged to provide 4 residential flats each configured to provide a communal kitchen/living/dining area together with shower/bathrooms. Each tenant also has access to a communal games/common room on the first floor.
Externally the premises benefit from partially covered parking for approximately 12 vehicles and on-site loading bay to the rear accessed by Baltic Close.
Accommodation
The property has the following approximate areas:
Ground Floor
Offices, Workshops, Stores and Loading Bay: 700 sq m 7,534 sq ft
First Floor
Flat 1: 140 sq m 1,507 sq ft
Flat 2: 133 sq m 1,431 sq ft
Flat 3: 138 sq m 1,485 sq ft
Flat 4: 140 sq m 1,507 sq ft
Tenure
The premises are let on the following basis:
Ground Floor – Let to a private individual for retail and storage purposes for a term of 5 years from March 2026 at a rent of £30,000 per annum. The lease includes a tenant only break clause in Year 3.
First Floor – Each flat is let on an Assured Periodic Tenancy agreement to students tenants as follows:
Flat 1 - £2,058.33 per month £24,700 per annum
Flat 2 - £2,058.33 per month £24,700 per annum
Flat 3 - £2,058.33 per month £24,700 per annum
Flat 4 - £1,235 per month £14,820 per annum
The total rent receivable by the landlord is presently £118,920 per annum exclusive.
Proposed Terms
We are instructed to seek offers in excess of £875,000 for our client's freehold interest, subject to the existing tenancies.
Rating Assessment
The premises have a Rateable Value of £20,750. Interested parties should contact Stockton Borough Council for the exact rates payable
Council Tax
Each residential flat falls within Council Tax Band A.
Energy Performance Certificate
The property has the following Energy Performance Certificates:
Flat 1 - Band D
Flat 2 - Band D
Flat 3 - Band C
Flat 4 - Band D
Ground Floor - EPC commissioned
VAT
All rents/prices quoted are exclusive of VAT if applicable.
Viewing
Strictly by appointment through this office
Contact Jack Robinson on 01642 713303
Subject to contract
- These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract:
- Thomas Stevenson cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representation and must satisfy themselves as to their accuracy:
- No employee of Thomas Stevenson has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the authority.
- Prices/rents quoted in these particulars may be subject to VAT in addition; and
- Thomas Stevenson will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.