Single Let Investment in Teesside
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Single Let Investment in Teesside
2 Properties Offered at £675,000 in Middlesbrough
Investment Highlights
- Large yard between the two buildings, which has been converted to a 5-a-side football pitch along with gym equipment and leisure space
- The property benefits from its proximity to several prominent businesses
- Strong transportation connectivity, which enhances the property’s accessibility and appeal
- Site area of 0.361 hectares (0.892 acres)
- The surrounding area is one of a mixed land uses, including industrial, trade counter, and retail uses
Executive Summary
Freehold for sale - Single Let investment in Teesside.
Offers in excess of £675,000 exclusive of VAT. A sale at this level reflects a net initial yield of 9.62%. A sale at £675,000 reflects a low capital value of only £51.03 psf.
Entirely let to Keys 7KS Limited at £68,365 per annum on an 8-year lease from 1st September 2020, therefore expiring 31st August 2028. Tenant has been in occupation since 2015 trading as Tees Valley College. Tenant last reported credit risk score of “very low risk” according to Credit Safe with turnover of approx. £2m (2023).
Total floor area of 13,228 sq ft (Office/lecture rooms of 3,800 sq ft and workshop of 9,328 sq ft). Site area of 0.361 hectares (0.892 acres)
Offers in excess of £675,000 exclusive of VAT. A sale at this level reflects a net initial yield of 9.62%. A sale at £675,000 reflects a low capital value of only £51.03 psf.
Entirely let to Keys 7KS Limited at £68,365 per annum on an 8-year lease from 1st September 2020, therefore expiring 31st August 2028. Tenant has been in occupation since 2015 trading as Tees Valley College. Tenant last reported credit risk score of “very low risk” according to Credit Safe with turnover of approx. £2m (2023).
Total floor area of 13,228 sq ft (Office/lecture rooms of 3,800 sq ft and workshop of 9,328 sq ft). Site area of 0.361 hectares (0.892 acres)
Property Facts
| Price | £675,000 | Number of Properties | 2 |
| Price / SF | £50.96 / SF | Individually For Sale | 0 |
| Net Initial Yield | 9.62% | Total Building Size | 13,245 SF |
| Sale Type | Investment | Total Land Area | 1.68 AC |
| Status | Active |
| Price | £675,000 |
| Price / SF | £50.96 / SF |
| Net Initial Yield | 9.62% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,245 SF |
| Total Land Area | 1.68 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Workshop
Sotherby Rd, Middlesbrough TS3 8BT |
Light Industrial | 9,519 SF | 1997 | - |
|
Office Building
Sotherby Rd, Middlesbrough TS3 8BT |
Office | 3,726 SF | 1994 | - |
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Daniel Capobasso
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Magnus McGillivray
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Single Let Investment in Teesside
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