NETA Training, Pennine Avenue, North Tees Industrial Estate, Stockton-on-tees | Property for sale | Savills
Guide price £850,000(Rp17.192.051.371)

NETA TrainingPennine Avenue, North Tees Industrial Estate, Stockton-on-tees

  • New
  • Sole agency
  • Leasehold

Key features

  • 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 Investment of approximately 44,924 sq ft Investment let at £135,000 pa Property for sale by auction - business not affected

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

  • The property is entirely let to NETA Training Trust on a 20 year lease from 10.06.2014 expiring 09.06.2034 at a current passing rent of £135,000 pa.
  • NETA Training Group was founded at its current location in Stockton-On-Tees in 1975 to provide technical training service to the local engineering, offshore and petrochemical industries (www.neta.co.uk/about-us).