Site 2 at Haverton Hill (North), Haverton Hill Road, Stockton on Tees, Cleveland, TS23 1PX

freehold part investment producing £17,500 per annum/part vacant land totalling approximately 1.14 hectares (2.82 acres)

Location

The site is located to the part north side and part south side of Haverton Hill Road (A1046), which is located off the A19 which lies in the centre of Billingham Reach Industrial Estate situated to the west of Middlesborough town centre and to the north of Stockton town centre.

Description

Former branch line approximately 1.14 Hectare (2.82 Acres). The land is adjacent to part of the ICI Complex at Billingham, which is now in multiple ownership.

Costs

The purchaser will make a contribution of £2,500 plus VAT towards the Vendor's legal and surveyors fees.

Tenure

Freehold.

Planning

The site is considered suitable for several uses including industrial development, subject to gaining the necessary planning consent. Interested parties should consult direct with the Local Planning Office, Stockton-on-Tees Borough Council, Municipal Buildings, PO Box 11, Church Road, Stockton-on-Tees, TS18 1LD. Tel: 01642 393 939.

General

1. There is a recent planning consent for a substantial power plant made by Gaia Power (Application No: 09/1562/EIS).
2. There appear to be encroachments towards the Northern element of the site, marked C on the plan. Further details are available from the Auctioneer's Office or via our website - www.pugh-auctions.com.

VAT

VAT at the prevailing rate is payable in addition to the gavel price.

Solicitors

Winckworth Sherwood, Minerva House, 5 Montague Close, London, SE1 9BB.
Tel: 020 7593 5000. Fax: 020 7593 5099. E-mail: lstevens@wslaw.co.uk.
Contact: Mr Leo Stevens.

Accommodation/Tenancy

Tenant  Agreement  Rental 
Growhow UK East Ltd  3 Separate Licences commencing 1st January 2009 *  £17,500 pa 
BOC Group Plc  Lease which expires 31st March 2010  No Apportionment 
Dorman Long  Agreement  Nil 
Northern Electric Distribution  Global Agreement  Nil 
* Subject to annual review in line with RPI