UNDER OFFER
Single let Industrial Investment in Teesside with Index Linked Reviews
Price:
£675,000 (9.62% NIY)
13,228 sq ft
INVESTMENT SUMMARY
Entirely let to Keys 7KS Limited at £68,365 per annum on an 8-year lease from 1st September 2020, therefore expiring 31st August 2028
RPI + 3.5% linked rent review on 1st September 2026.
Tenant has been in occupation since 2015 trading as Tees Valley College (https://education.keyschildren.co.uk/school/ tees-valley-school/)
Tenant last reported credit risk score of “very low risk” according to Credit Safe (attached) with turnover of approx. £2m (2023)
Total floor area of 13,228 sq ft (Office/lecture rooms of 3,800 sq ft and workshop of 9,328 sq ft)
Site area of 0.361 hectares (0.892 acres)
Freehold
We are instructed to seek offers in excess of £675,000 (Six Hundred and Seventy Five Thousand Pounds) exclusive of VAT. A sale at this level reflects a net initial yield of 9.62%. A sale at £675,000 reflects a low capital value of only £51.03 psf.
Property Details
Location Details
Teesside
Sector
Industrial
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An outstanding opportunity
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