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Mandale Park NE15 11 Properties Offered at £21,000,000 in Multiple Locations
EXECUTIVE SUMMARY
The portfolio comprises a total of 70 units and is 100% occupied, let to 64 tenants in total reflecting diverse income, with no tenant reflecting more than 3.72% of the total income, and the top 10 tenants reflecting only 24.35% of the total income.
We are instructed to seek offers of £21,000,000 (Twenty One Million Pounds) Subject to Contract and Exclusive of VAT. This reflects a Net Initial Yield of 6.00% after allowing for purchaser’s costs of 6.75%.
We are instructed to seek offers of £21,000,000 (Twenty One Million Pounds) Subject to Contract and Exclusive of VAT. This reflects a Net Initial Yield of 6.00% after allowing for purchaser’s costs of 6.75%.
PROPERTY FACTS
| Price | £21,000,000 | Number of Properties | 11 |
| Price psf | £148.87 / sq ft | Individually For Sale | 0 |
| Yield | 6% | Total Property Size | 141,065 sq ft |
| Sale Type | Investment | Total Land Area | 112.38 ac |
| Status | Active |
| Price | £21,000,000 |
| Price psf | £148.87 / sq ft |
| Yield | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 11 |
| Individually For Sale | 0 |
| Total Property Size | 141,065 sq ft |
| Total Land Area | 112.38 ac |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| Cannon Park, Middlesbrough TS1 5RY | Industrial | 4,650 sq ft | 2023 | - |
|
1-3 Punch Street
Punch St, Middlesbrough TS1 5RY |
Industrial | 41,280 sq ft | 1971 | - |
| Cannon Park, Middlesbrough TS1 5RY | Industrial | 6,200 sq ft | 2024 | - |
| Urlay Nook Rd, Stockton On Tees TS16 0TA | Industrial | 13,704 sq ft | 2024 | - |
| Urlay Nook Rd, Stockton On Tees TS16 0GS | Industrial | 10,976 sq ft | 2024 | - |
| Urlay Nook Rd, Stockton On Tees TS16 0TA | Industrial | 6,272 sq ft | 2023 | - |
| Lemington Rd, Newcastle Upon Tyne NE15 8BU | Industrial | 20,510 sq ft | 1990 | - |
|
Phase Two, Units 21-25
Lemington Rd, Newcastle Upon Tyne NE15 8BU |
Industrial | 17,183 sq ft | 2005 | - |
| 9-18 Lemington Rd, Newcastle Upon Tyne NE15 8SX | Industrial | 13,950 sq ft | 2023 | - |
|
Cone Building
Lemington Rd, Newcastle Upon Tyne NE15 8BU |
Industrial | 3,340 sq ft | 1787 | - |
| 1306 N 13th St, Norfolk 68 701 | Office | 3,000 sq ft | 1997 | - |
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Mandale Park NE15
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