NETA Training, Pennine Avenue, North Tees Industrial Estate, Portrack Lane, Stockton-on-Tees | Property for sale | Savills
Guide price £850,000($1,654,353)

NETA Training, Pennine Avenue, North Tees Industrial EstatePortrack Lane, Stockton-on-Tees

  • New
  • Sole agency
  • Leasehold
Investment
Yield 16%Yield

Key features

  • Of interest to investors
  • Substantial Industrial/Office/Training Centre Investment
  • Investment let at £135,000 pa (15.88% on Guide Price)
  • Let to NETA Training Trust
  • Comprises approximately 44,924 sq ft
  • Reflects a low rent of approximately £3 psf
  • Low Capital Value (£18.80 psf on Guide Price)

Substantial Industrial/Office/Training Centre Investment of approximately 44,924 sq ft Investment let at £135,000 pa (15.88% on Guide Price)

About this property

  • The property comprises two substantial buildings used as industrial/education training centres, together with an external area, on a substantial site of approximately 1.94 acres (0.79 ha).

Additional information

  • Long Leasehold. Held on three titles for the terms below:
  • 99 years from 29.04.1988 at a peppercorn
  • 99 years from 30.10.1989 at a peppercorn
  • 99 years from 30.10.1989 at a peppercorn
  • Ground floor workshop - 2,568.75 sq m (27,650 sq ft)
  • Ground floor office/ancillary - 966.29 sq m (10,401 sq ft)
  • First floor office/ancillary - 438.21 sq m (4,717 sq ft)
  • Ground floor portable buildings - 200.27 sq m (2,156 sq ft)
  • Total - 4,173.52 sq m (44,924 sq ft)