Scania Westland Way 26,920 SF Industrial Building Stockton On Tees TS18 3FB £11,030,000 (£409.73/SF) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Brand new HGV sales & service centre.
- Six bays of workshop space, complete with access pits.
- Strategically located adjacent to the A66, 11 miles west of Teesport and 12 miles east of the A1(M).
EXECUTIVE SUMMARY
Offers in excess of £11,030,000 / 6.50% assuming purchaser's costs of 1.80%
The development has been pre-let to Scania (Great Britain) Limited on a full repairing and insuring lease a 15 year lease from Practical Completion in July 2025, The rent on the warehouse and yard are subject to 5 yearly CPI reviews (1%-3%)., The initial rent will be £730,000 per annum
The development has been pre-let to Scania (Great Britain) Limited on a full repairing and insuring lease a 15 year lease from Practical Completion in July 2025, The rent on the warehouse and yard are subject to 5 yearly CPI reviews (1%-3%)., The initial rent will be £730,000 per annum
PROPERTY FACTS
| Price | £11,030,000 |
| Price Per SF | £409.73 |
| Sale Type | Investment |
| Net Initial Yield | 6.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Truck Terminal |
| Building Class | B |
| Lot Size | 6.27 AC |
| Construction Status | Proposed |
| Rentable Building Area | 26,920 SF |
| Number of Floors | 2 |
| Year Built | 2026 |
| Tenancy | Single |
| Parking Ratio | 1.82/1,000 SF |
| Level Access Doors | 6 |
AMENITIES
- 24 Hour Access
- EPC - A
- Roller Shutters
UTILITIES
- Lighting
- Water - City
- Sewer - City
1 of 1
