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1A Lustrum Av 22,593 sq ft 100% Let Industrial Property Stockton On Tees TS18 2RB £360,000 (£15.93/sq ft) 8.70% Net Initial Yield
Investment Highlights
- Fully let investment to Gafoor Cash & Carry Ltd until 2031
- Passing rent of £45,000 per annum
- Good access to Teesside road network
- Located within established Portrack Industrial Estate
- Potential inclusion of additional land under separate title
- Open plan warehouse layout for efficient operations
Executive Summary
The property is offered for sale via auction as a long leasehold interest and is fully let to Gafoor Cash & Carry Ltd on a new 5-year lease expiring in 2031, producing £45,000 per annum. The sale includes a self-contained industrial unit along with additional land held under a separate title, providing operational flexibility. The quoting price of £360,000 represents a starting bid, while the £500,000 asking price reflects a net initial yield of approximately 8.7% after standard purchaser costs.
Property Facts
| Price | £360,000 | Property Subtype | Warehouse |
| Price per sq ft | £15.93 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.52 ac |
| Yield | 8.70% | Net Internal Area (NIA) | 22,593 sq ft |
| Sale Condition | Auction Sale | No. Floors | 2 |
| Tenure | Freehold | Year Built | 1900 |
| Property Type | Industrial |
| Price | £360,000 |
| Price per sq ft | £15.93 |
| Sale Type | Investment |
| Yield | 8.70% |
| Sale Condition | Auction Sale |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Total Plot Size | 0.52 ac |
| Net Internal Area (NIA) | 22,593 sq ft |
| No. Floors | 2 |
| Year Built | 1900 |
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