Mandale Park Punch Street, Middlesbrough, North Yorkshire, TS1
£148.39 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
18,600 sq ft
1,728 sq m
- SECTOR
Commercial property for sale
- USE CLASSUse class orders: B1 Business, B2 General Industrial and B8 Storage and Distribution
B1, B2, B8
Key features
- Fully Let and Brand New Industrial Estate , See the enclosed brochure .
- Income Producing £192,000.00 plus vat per annum
- Sales Price £2,760,000.00 plus vat ( TOGC )
- Excellant Location just off the A66 / A19 Interchange
- Built 2023 because of the great demand
- 12 Units let to good strong local companies
- 24 hour Security and with ample car park.
Description
A newly-delivered, multi-let industrial estate located at Cannon Park; the absolute prime pitch in Middlesbrough. Unrivalled access to the A66 and A19; the two principal trunk routes in the
Teesside area.
Total Gross Internal Area of 18,600 sq ft (1,727.94 sq m) of high quality, flexible accommodation split into twelve units with associated landscape and parking. Fully let to a robust mix of regional
occupiers, with 100% of the income benefitting from uncapped RPI-link reviews.
WAULT of 9.57 years to expiry (3.90 to break). > All units benefit from an EPC B rating, providing protection from forthcoming regulatory changes while keeping occupier costs low.
Virtual freehold by way of a 999 year lease. > Offers sought IRO £2,760,000 (Two Million,Seven Hundred and Sixty Thousand Pounds) .
Location
The subject property is located on Cannon Street, immediately adjacent to the A66 dual carriageway and in the heart of the wider Cannon Park estate, which, alongside Riverside Park, comprise the prime industrial locations in Middlesbrough. Cannon Park is accessed via Newport Road, which links to the A66 and in turn the A19, 1 km to the west. Cannon Park is host to a range of national trade occupiers including Edmundson Electrical, CEF, Rexel and Johnstone's Decorating Centres. Riverside Park, located immediately to the north of the A66, provides a greater focus on manufacturing shipping occupiers, including Cleveland Cable, Sulzer Chemtech, SIG Roofing, and AV Dawson. Both estates benefit from proximity to Teesport (located 2km to the north east of the subject property), which was granted Freeport status in the 2021 budget and as a result is anticipated to boost the local economy by 18,000 jobs and £1.4Bn in additional inward Investment.
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Brochures
Mandale Park Punch Street, Middlesbrough, North Yorkshire, TS1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Middlesbrough Station0.8 miles
- Thornaby Station2.2 miles
- Billingham Station2.5 miles
About Mandale Group, Stockton On Tees
MANDALE HOUSE 5 Neville Road, North Tees Industrial Estate, TS18 2RD
For over 35 years, Mandale Group have been providing businesses with much needed, high quality commercial space.
Being the developer as well as the landlord gives us an advantage; increased responsiveness to the markets evolving needs.
When you contact Mandale Group you will be dealing direct with the landlord providing you with the benefit of our no-nonsense, easy approach to business space lettings.
Notes
Disclaimer - Property reference Cannon12sale. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mandale Group, Stockton On Tees. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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