22 Pochin Road, 22 Pochin Road, Middlesbrough | Property for sale | Savills
Guide price £165,000(4 995 934 CZK)

22 Pochin Road22 Pochin Road, Middlesbrough

  • Sole agency
  • Freehold
Investment

Key features

  • Vacant Industrial Units and Land
  • Potential to Create High Yielding Investment
  • ERV Approx £40,000 per annum
  • 4,603 sq ft (427.62 sq m)
  • Site Area - 0.18 acres
  • Consent for Development of 7 Units
  • ERV Reflects 24.25% on Guide Price

Freehold Vacant Industrial Units of 4,603 sq ft Potential to Create a High Yielding Investment Via Letting Planning Consent to Create 7 Industrial Units

About this property

  • The property comprises a vacant workshop/light industrial opportunity situated in an established industrial area and benefitting from both asset management potential and planning consent. Arranged as two ground floor units with associated yard/storage space, the property is offered with full vacant possession and is suitable for both investors and asset managers. The property was previously used as an auto-repair centre and we anticipate that if let to a similar use the property would achieve approximately £40,000 per annum. The property also benefits from planning consent (Reference: R/2022/0424/FF) for conversion of the existing building to provide five industrial units, with a further two units to be developed over the existing yard space. The property is well located for the road communications of Middlesbrough and Teesside, with the A66 and A174 providing access throughout the region. Middlesbrough Free Port is also approximately 3 miles away.

Additional information

  • The property has planning consent (Reference: R/2022/0424/FF) for conversion of the existing building to provide five industrial units, with a further two units to be developed over the existing yard space.