Mandale Park TS9, Mount Pleasant Way, Stokesley TS9 5NZ
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£1,000,000
Dec 2022
- A newly-delivered multi-let industrial estate located on the established Stokesley Business Park, the prime commercial pitch for the historic and aspirational town of Stokesley, North Yorkshire.
- Easy access onto the A172 and thereafter to the greater Teesside conurbation and the regional road network.
- The estate provides 6,200 sq ft (575.98 sq m) of high quality, flexible industrial accommodation split over four units, alongside associated yardage and parking.
- Extremely strong underlying market conditions supported by the affluent
local economy. - The estate produces an annual income of £64,000. All four occupational leases benefit from reviews to the higher of OMRR or uncapped RPI, offering an excellent opportunity for income growth.
- WAULT of 9.31 years to expiry (2.55 to break).
- The estate will be transferred on a new 999 year long leasehold at a peppercorn rent without review.
- Offers are sought in excess of £1,000,000 (One Million pounds), reflecting a net initial yield of 6.05% after purchaser’s costs of 5.75%.
