Speedy Hire Centre, Horndale Avenue, Aycliffe Industrial Park, Aycliffe, County Durham, DL5 6DR

speedy hire industrial investment producing £23,555 per annum

Location

The property is located on Horndale Avenue close to its junction with St Cuthberts Way within the established Ayecliffe estate. The property lies within approximately 11 miles from Stockton on Tees, 12 miles from Durham city centre, 14 miles from Middlesbrough city centre and 25 miles from Newcastle city centre. Junction 59 of the A1(M) lies within approximately 2½ miles providing links to the national motorway network. Nearby occupiers include Kwik Fit, Rapid Fit, Ford Holliways Dealership.

Description

Industrial unit/ trade counter arranged on the ground floor with the benefit of a yard area to both the north and east of the building.

Accommodation

7,000 sq ft  

Tenure

Virtual freehold on a term of 990 years from 01/09/2004 at a fixed ground rent of £1 per annum.

Solicitors

Tinsdills Solicitors, 15-19 Marsh Parade, Newcastle under Lyme, Staffordshire, ST5 1BT.
Tel: 01782 612311. Fax: 01782 717294. E-mail: rebecca.torr@tinsdills.co.uk.
Contact: Ms Rebecca Torr.

Accommodation/Tenancy

Unit  sq m   sq ft  Tenant  Agreement  Rental  Review  Expiry 
Ground Floor:   657.73   (7,080)  Speedy Hire (Scotland) Ltd*  FRI lease for 15 years   £23,555 pa   2014  03/2019   
        from 31/03/2004 
* The Lease is guaranteed by Speedy Hire Plc. 

Addendum

The site is leasehold for a term of 990 years from 01/09/2004. The sale is subject to VAT at the prevailing rate unless the sale is a Tranfer of a Going Concern. The property has not been inspected internally by Pugh & Company and the floor measurements as detailed in the catalogue are indicative only. Interested parties should satisfy themselves that they are correct. The correct address for the unit is Unit B, 357 Horndale Avenue, Aycliffe Industrial Park, Newton, Aycliffe, County Durham, DL5 6DR.