Office for sale in Bignell Road, Middlesborough TS2

£520,000 (£123.81/sq. ft)
Office for sale 4,200 sq. ft*
Interested in this property? Call +44 1788 285732 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Multi Let Office Investment Opportunity
  • 10 year lease with rpi/Open Market Reviews
  • Price - £420,000 | total rent - £46,225 p.a. | yield – 8.89%
  • 125 Year Leasehold from 1989

Property description

Location


Middlesbrough is located in the Tees Valley region and was recently named one of the top 10 small Cities in Europe by the Financial Times. It has a growing population and a highly skilled workforce and many residents are employed within the area. The locality has recently undergone significant financial and infrastructure investment. In March 2021, as part of the Spring Budget, Tees Valley was announced as one of the first places to get Freeport status under the new Government policy to create Freeports across the country. Covering 4,500 acres, the Teesside Freeport is the largest in the UK. It will create more than 18,000 jobs and provide a £3.2billion boost to the local economy over the next five years. Riverside Business Park is set to benefit from this investment and recent developments include the TeesAMP attracting top
tier sunrise industries, together with the town centre regeneration initiatives and a planned £35m investment into the station and local rail network. Britannia House is
located on the well-established Riverside Park Industrial Estate immediately to the north of Middlesbrough town centre. The business park has a strong mix of office, light industrial and distribution units. The estate is well situated adjacent to the A66 and is approximately half a mile from the A19 York to Newcastle main arterial road.
Middlesbrough Station is within a 5-minute drive and connects to London in 2 hrs 45 mins. Teesside International Airport is 11 miles to the west.

Description


The property comprises a purpose-built office building providing accommodation over ground, first and second floors. It is constructed of traditional brick under a
pitched tile roof. The office space has been decorated throughout with new carpets, suspended ceilings and male & female Wc’s. There is ample free parking and good
access to the nearby motorways, town centre, train station and bus station.The estate is subject to a small service charge (payable by the occupational tenants)
to ensure ongoing good estate management

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
JMD Investments and Estates Limited, CV32 on +44 1788 285732 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by JMD Investments and Estates Limited, and do not constitute property particulars. Please contact JMD Investments and Estates Limited for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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