Property overview

Units 1-12 Cannon Park, Middlesbrough, TS1

Download the Sales Brochure Make an enquiry
£3,000,000
May 2023
  • 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 £3,000,000 (Three Million pounds), equating to a net initial yield of 6.00% after purchaser’s costs of 6.45%.
  • Sales of constituent blocks of three, four or five units will also be considered to suit buyer lot size preference.