Office for sale

Tower House, Thornaby Place, Stockton TS17

Offers in Excess of 9,969 sq. ft. | £1,130,000

Property Description

Commercial information

  • 9,969 sq ft (926 sq m)
  • Use class orders: B1 Business

Key features

  • INVESTMENT

Full description

Tenure: Freehold

EXECUTIVE SUMMARY

A modern 9,969 sq ft office unit with generous parking provision on an attractive Riverside plot.

Strategically located on Teesdale Business Park, the prime location on Teesside.

Multi-let to strong tenant mix including British Polythene, Five Rivers Childcare and Marston Group, with a total rent roll of 132,044 per annum.

WAULT of 3.9 years to expiry (2.3 years to break), providing excellent asset management potential through lease restructure.

Excellent potential alternative use value through conversion to residential use.

Offers in excess of 1,130,000 are sought for the freehold interest, reflecting a net initial yield of 11.04% after purchasers costs of 5.87%.


More information from this agent

Nearest stations

  • Thornaby (0.3 mi)
  • Stockton (1.0 mi)
  • Eaglescliffe (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Connect Property North East Ltd, Stockton-On-Tees

4 Halegrove Court Cygnet Drive Preston Farm Business Park TS18 3DB

01642 268182 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Thornaby (0.3 mi)
  • Stockton (1.0 mi)
  • Eaglescliffe (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Connect Property North East Ltd, Stockton-On-Tees

4 Halegrove Court Cygnet Drive Preston Farm Business Park TS18 3DB

01642 268182 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference INVESTMENTTowerHouseSTOCKTON. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Connect Property North East Ltd, Stockton-On-Tees. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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