Sold
Industrial Investment in Teesside with index linked reviews sold
Price:
£675,000 (9.62% NIY)
13,228 sq ft
We are delighted to announce the successful sale of the single-let industrial investment on Sotherby Road, Middlesbrough, which completed in February 2025.
The property is fully let to Keys 7KS Limited (Tees Valley College) at £68,365 per annum on an 8-year lease expiring August 31, 2028, with an RPI + 3.5% rent review in September 2026. Keys 7KS Limited, with reported turnover of approximately £2 million (2023) and a "very low risk" credit rating (Credit Safe), has occupied the premises since 2015.
The 13,228 sq ft property (3,800 sq ft office/lecture rooms, 9,328 sq ft workshop) sits on a 0.892-acre freehold site. Following a brief marketing campaign, the property sold at the asking price of £675,000, reflecting a 9.62% net initial yield and a low capital value of £51.03 psf.
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Property Details
Location Details
Sotherby Road, Middlesbrough
Sector
Industrial
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