3 Portrack Ln 14,189 SF Flex Building Stockton On Tees TS18 2HP £600,000 (£42.29/SF) 8.84% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominently situated in a central and established retail warehouse location
- Excellent transport links nearby
- Stockton-on-Tees is a key commercial centre benefitting from an excellent catchment with 1.12m people living within a 30-minute drive time
EXECUTIVE SUMMARY
Offers are invited in excess of £600,000 (Six Hundred Thousand Pounds) subject to contract for our client’s freehold interest.
A purchase at this price reflects a Net Initial Yield of 8.84%, assuming standard purchasers costs of 5.60%. This equates to a capital value per square foot of £42.28 sq ft.
A purchase at this price reflects a Net Initial Yield of 8.84%, assuming standard purchasers costs of 5.60%. This equates to a capital value per square foot of £42.28 sq ft.
PROPERTY FACTS
| Price | £600,000 |
| Price Per SF | £42.29 |
| Sale Type | Investment |
| Net Initial Yield | 8.84% |
| Tenure | Freehold |
| Property Type | Flex |
| Property Subtype | Showroom |
| Lot Size | 0.52 AC |
| Rentable Building Area | 14,189 SF |
| Number of Floors | 2 |
| Year Built | 2000 |
| Tenancy | Single |
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CONTACTS
-
Dickon Wood -
John Edwards -
Knight Frank LLP
