Grade A specification estate built in the last 5 years. Located 0.5 miles from Middlesborough Town Centre, 1 mile from the A66 and 1 mile from the Port of Middlesbrough. Strong road, rail, sea and air connections. 181,764 sq ft across 14 units ranging from c.3,000 sq ft to 30,000 sq ft. High-specification units providing amongst the best accommodation in the whole of the Tees Valley. Strong ESG credentials with all units rated EPC A and BREEAM ‘very good’.
100% let to 10 tenants with a WAULT of 7.1 years to expiry and 4.9 years to breaks. Passing rent of £1,156,296 per annum equating to just £6.36 per sq ft, compared to a current prime headline rent in the region of £8.50 per sq ft. 45% of the income is subject to rent reviews within the next 18 months.
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