Back to search resultsUNIT 1 LIMERICK ROAD, DORMANSTOWN, REDCAR, TS10 5JUE
£1,300,000
£135,000 /pa
Key information
- industrial
- Redcar
- 33850 sqft
- For Sale/ or To Let
- 33850 sq ft High Bay Warehouse
- Integral Offices and Yard
- Adjacent Teesworks, Wilton International, British Steel and Teesport
- Highly Accessible for A66, A174 and A19
- 3 Phase Power @ 150 amp per phase
- U16 Gas supply
- Fibreoptic telecoms
- £1,300,000 sale price
- £135,000 p/a rental price
Brochure
Location
Situated directly opposite the main entrance to the Teesworks site and very close to Wilton International, British Steel and Teesport this is a very well-located property enjoying immediate access to the A1085 facilitating direct access to all parts of Teesside via both the A66 and A174.
The property is more particularly situated at the junction of West Coatham Lane and Limerick Road. Nearby occupiers include Screwfix; Howden Joinery, Wolseley Plumb, Isotank and Redcar & Cleveland Borough Council.
Description
The property comprises a semi-detached warehouse/workshop premises with an integral two storey office area within. There is a very useful tarmac surfaced parking area (15 spaces) and loading access to the front of the property.
The main warehouse is of steel portal frame construction with concrete floor, brick and block plinth and insulated profile metal sheet cladding to the elevations and roof. The warehouse has a minimum internal eaves height of 6.00m to the underside of the haunch and benefits from spotlighting and diesel warm air blower heating. Access is provided to the warehouse from the external loading area via a powered vertical roller shutter door 6.00 wide and 5.50m in height.
Internally at the front of the warehouse with direct access from the car park there is an integral two-storey office section which has separate entrance reception areas for the ground floor and first floor offices respectively.
At ground floor level there is a suite of self-contained offices off the reception area having its own amenities with adjacent interconnecting racked storage area having potential for additional office accommodation.
At first floor there is a large open plan main office with partitioned boardroom meeting room and three private offices together with ancillary kitchenette and staff wc facilities. There is also a good sized canteen/mess room with direct access from the warehouse area presently predominantly utilised by production operatives.
The offices are well presented with suspended ceilings, recessed spotlights and fluorescent lighting, carpets, decorations and central heating.
Within the main warehouse area there is presently a mezzanine level utilised for manufacturing and storage purposes. This could be removed prior to sale or made available by separate negotiation.
Accommodation
Strategic Location
STRATEGIC LOCATION
The Property is located with near immediate access to Teesworks, Wilton International, British Steel and Teesport which are all major industrial employment hubs. The property is superbly located to benefit any company providing goods or services to these key development and employment hubs.
Teesworks - Located immediately opposite the subject property at 4500 acres Teesworks is the UK’s largest and most connected industrial development zone and Freeport. Home to the SeAH Wind monopile factory and BP Net Zero Teesside development. www.teesworks.co.uk
Wilton International – North Gate located immediately opposite the subject property, at 2000 acres Wilton International is a multi occupancy manufacturing site, Freeport and home to one of the UK’s leading process manufacturing clusters. www.wiltoninternational.com
Teesport – located 1 mile south west of the subject property Teesport is the UK’s 6th largest port boasting world class infrastructure servicing key global markets and also a Freeport. www.teesport.co.uk
British Steel – located 0.5 miles south west of the subject property British Steels 315 acre Teesside Beam Mill and Service Centre is a major employer and national hub for the processing and distribution of structural steel for construction applications. www.britishsteel.co.uk
Utility Services
The property is connected to all mains services including 3 phase power supply 150 amp per phase, Natural Gas with U16 meter and Virgin Media fibre optic telecoms.
Rateable Value
The property has a current rateable value of £71,000. The annual rates payable for 2025/26 are £39,405.
Tenure
Freehold.
Energy Performance Certificate
EPC commissioned – details to follow.
Price
The property is offered for sale at a price of £1,300,000 which reflects a highly competitive capital value of £38.40 per square foot.
Lease Terms
The property is offered to let by way of a new tenant full repairing
and insuring lease for a term of 10 or 15 years incorporating 5
yearly rent reviews.
Rental offers are invited around £135,000 per annum exclusive.
VAT
The property is understood to be unelected for VAT resulting in no VAT payable on the purchase price.
Viewing and Enquiries
Strictly via the Agents Thomas : Stevenson.
Contact Neil Thomas on 01642 713303 or 07810 158328.
- 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.