£650,000
(£83.75/sq. ft)
Industrial for saleTeesside Industrial Estate, 87, Willows Court, Thornaby TS17
7,761 sq. ft
Just added
Leasehold
About this property
Industrial investment for sale
Established Commercial Location
Excellent Access
Rental Income £53,650 per annum
Expiring 19 July 2031
Offers in exess of £650,000
Net initial yield of 7.96%
Willows Court is located on the established Teesside Industrial Estate. The Estate is situated to the south of Thornaby within the Teesside Conurbation, lying adjacent to the A19 and approximately 2 miles from the A66 Trunk Road.
The estate has excellent road links and houses a number of regional and national operators including Toolstation, Greggs, Subway, Screwfix and Howdens.
The warehouse is of steel portal frame construction with
part brick and block work elevations with profile metal cladding above and to the roof. The building has an eaves height of approximately 4.50m rising to 6.20m at the apex.
The premises have ground and first floor office accommodation incorporating perimeter data trunking, carpets and suspended ceilings, kitchen facilities and a large fully glazed reception area.
Access to the workshop is by way of two-up-and-over roller shutter loading doors. To the side of the unit there is a generous service yard area of hard standing surrounded by a palisade fence.
Tenure
Long-leasehold expiring 15 August 2202 (approx. 175 years remaining).
Tenancy
The building is For Sale subject to an existing lease to Cleaning and Support Services Limited (Company number 06357934), expiring 19 July 2031 with a Passing Rent of £53,650 plus vat per annum.
Price
Offers in excess of £650,000 plus vat showing a Net Initial Yield of 7.96% assuming a purchaser’s acquisition costs of 3.7%. It is envisaged that the sale will be treated as a transfer of a going concern (togc).
Rating assessment
The property is assessed of Rating purposes at £41,000.
Energy performance certificate
A full copy of the report is available upon request.
Anti money laundering
In accordance with the Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Accommodation:
Warehouse: 5,221.00 sqft
Ground Floor Office: 1,442.00 sqft
First Floor Office: 1,098.00 sqft
Total: 7,761.00 sqft
The estate has excellent road links and houses a number of regional and national operators including Toolstation, Greggs, Subway, Screwfix and Howdens.
The warehouse is of steel portal frame construction with
part brick and block work elevations with profile metal cladding above and to the roof. The building has an eaves height of approximately 4.50m rising to 6.20m at the apex.
The premises have ground and first floor office accommodation incorporating perimeter data trunking, carpets and suspended ceilings, kitchen facilities and a large fully glazed reception area.
Access to the workshop is by way of two-up-and-over roller shutter loading doors. To the side of the unit there is a generous service yard area of hard standing surrounded by a palisade fence.
Tenure
Long-leasehold expiring 15 August 2202 (approx. 175 years remaining).
Tenancy
The building is For Sale subject to an existing lease to Cleaning and Support Services Limited (Company number 06357934), expiring 19 July 2031 with a Passing Rent of £53,650 plus vat per annum.
Price
Offers in excess of £650,000 plus vat showing a Net Initial Yield of 7.96% assuming a purchaser’s acquisition costs of 3.7%. It is envisaged that the sale will be treated as a transfer of a going concern (togc).
Rating assessment
The property is assessed of Rating purposes at £41,000.
Energy performance certificate
A full copy of the report is available upon request.
Anti money laundering
In accordance with the Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Accommodation:
Warehouse: 5,221.00 sqft
Ground Floor Office: 1,442.00 sqft
First Floor Office: 1,098.00 sqft
Total: 7,761.00 sqft
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Monthly repayment
£3,251 per month
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