Home > Auctions > 21 & 22 April 2026 21 April 2026 - 9:00am > Lot 321

21 & 22 April 2026: Tuesday 21 April 2026 - 9:00am
Return to catalogue   Previous lot Next lot 
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan

Property details

Contact an agent

    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Promap -

    Download

    PDF Brochure -

    Download

    Key features

    • To be offered on Wednesday 22 April
    • Substantial Industrial Investment
    • Let to Tyne Tees Ceramics Ltd on a 10 year lease from September 2017
    • Comprises approximately 1,214.15 sq m (12,100 sq ft)
    • 5.60m haunch and 7.10m apex heights
    • Low rent reflects £4.96 psf
    • Capital value reflects £66.12 psf on Guide Price
    • Investment let at £60,000 pa (8.33% GIY on Guide Price)

    Description

    The property comprises a substantial industrial building with an office and a yard at the front. The head lease (which is being offered) includes unit F19 which has been sold off on an underlease. Please find details in the legal pack.

    Additional information

    Tenure

    Long Leasehold. Held on a long lease from 125 years from 20th August 1991. Unit F19 has been sold off on an underlease.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. 


    Ground floor warehouse - 927.50 sq m (9,984 sq ft)

    Ground floor office - 98.33 sq m (1,058 sq ft)

    Storage mezzanine - 98.33 sq m (1,058 sq ft)


    Total - 1,214.15 sq m (12,100 sq ft)

    Tenancy

    Let to Tyne Tees Ceramics Ltd on a 10 year lease from 26.09.2017, expiring 25.09.2027 at a rent of £60,000 pa.


    Unit F19 has been sold off on a long lease (which terms are coterminous with the head lease).

    Rent

    £60,000 pa

    Notes

    There will be a 2 stage bidding process:


    Stage 1

    Potential purchasers will be invited to place bids via a set deadline being to be announced. These offers will then be considered by the client and a best and final offers (second round) may be called. Should an offer meet the clients requirements a successful bidder will be selected and a sale will take place via an auction contract, which will be signed immediately along with receiving a 10% deposit. The property will be deemed as ‘sold prior to auction’.


    Stage 2

    If no stand out bids are received or bids received are of a similar value then a reserve price will be set on the property and it will be sold via a live online auction (date to be determined subject to Stage 1 of the process).


    When submitting your offer please provide the following information;

    • Entity purchasing the property
    • Your Solicitors details
    • Certified ID and proof of address for the purchaser/s of the property
    • Proof of funds for a minimum of 10% of the offer put forward.
    • Confirmation that you can sign an auction contract, pay a 10% deposit immediately and complete within the time frames highlighted in the special conditions of sale.


    Please make your offers to george.goucher@savills.com, peter.atkinson@savills.com and oliver.bartlessmith@savills.com

      • View Virtual Tour

        Play

      Contact

        Arrange a viewing

        Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

        Please select a time from the options below

        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

        Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

        There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

        Savills is a trading name of Savills plc. Savills is committed to ensuring that your privacy is protected. This privacy policy explains how we use the information we collect about you, how you can instruct us if you prefer to limit the use of that information and procedures that we have in place to safeguard your privacy

        Promap -

        Download

        PDF Brochure -

        Download

        Local information

        The property is situated in a predominantly industrial location on The Avenues. Nearby occupiers include Screwfix, Magnet Kitchens, Sainsbury's and DHL.

        Legal documents

        Login to view legal documents

        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

        Buying a property Common auction conditions Auction notices

        Addendums