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Modern Office Investment Opportunity with Secure G, Teesdale House, Stockton-on-Tees, TS17 6BL
15,964 Sq Ft / Offices
Withdrawn - Last updated: 19 April 2021
- Modern, purpose-built office extending to 15,964 sq ft with generous parking provision.
- Strategically located on Teesdale Business Park, the prime office location on Teesside.
- Fully let to NHS Property Services Limited at a low, re-based rent of £9.99 per sq ft with fixed uplift of 38% in June 2018.
- Significant tenant’s improvements undertaken throughout 2014, providing a strong indicationof the tenant’s commitment to the unit.
- Excellent asset management and rental growth potential.
- Offers in excess of £1.6M are sought for the long leasehold interest reflecting a net initial yield of 9.42%, and a reversionary yield of 13.00% after deduction of standard purchaser’s costs of 5.8%.
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