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Phoenix House Westerby Rd 18,292 sq ft 100% Let Office Property Middlesbrough TS3 8TD £490,000 (£26.79/sq ft) 8.16% Net Initial Yield
Investment Highlights
- Situated on the edge of Skippers Lane Industrial Estate
- Excellent access to the A66 Trunk Road
- 2 miles east of Middlesbrough town centre
Executive Summary
The freehold interest is available to purchase with offers invited over £490,000 reflecting a gross initial yield of 8.16%.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
18,292 sq ft
Costar Property Class
B
Year Built
1990
Price
£490,000
Price per sq ft
£26.79
Yield
8.16%
NOI
£39,984
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
9,146 sq ft
Plot ratio
0.91
Total Plot Size
0.46 ac
Parking
23 Spaces (1.26 Spaces per 1,000 sq ft Leased)
Amenities
- Bus Route
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Phoenix House | Westerby Rd
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