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Office for sale

Tower House, Thornaby Place, Stockton TS17

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

Property Description

Commercial information

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

Key features


Full description

Tenure: Freehold


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

Map & Street View

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