icons_size_white icons_size
menu

Agent's details

NEW TO THE MARKET - Multi-let fully occupied prime office investment opportunity

For sale: £520,000.00|8,000 |Office, Business park, Industrial, Light industrial, Offices

Property details

FOR SALE£520,000.00
SIZE8,000
ADDRESSBlock 2 & 3 Britannia House, 62 Brignell Rd, Riverside Business Park , Middlesbrough TS2 1PS
TYPEOffice, Business park, Industrial, Light industrial, Offices
TENUREInvestment Opportunity
POSTED ON22nd September 2021

Description

PRICE £520,000 | RENT - £46,225 P.A. | YIELD – 8.89 %

The property comprises a purpose-built office building providing accommodation
over ground, first and second floors. It is constructed of traditional brick under a
pitched tile roof. The office space has been decorated throughout with new carpets,
suspended ceilings and male & female Wc’s. There is ample free parking and good
access to the nearby motorways, town centre, train station and bus station.
The estate is subject to a small service charge (payable by the occupational tenants)
to ensure ongoing good estate management.
Middlesbrough is located in the Tees Valley region and was recently named one of the
top 10 small Cities in Europe by the Financial Times. It has a growing population and a
highly skilled workforce and many residents are employed within the area. The locality
has recently undergone significant financial and infrastructure investment. In March
2021, as part of the Spring Budget, Tees Valley was announced as one of the first
places to get Freeport status under the new Government policy to create Freeports
across the country. Covering 4,500 acres, the Teesside Freeport is the largest in
the UK. It will create more than 18,000 jobs and provide a £3.2billion boost to the
local economy over the next five years. Riverside Business Park is set to benefit
from this investment and recent developments include the TeesAMP attracting top
tier sunrise industries, together with the town centre regeneration initiatives and a
planned £35m investment into the station and local rail network. Britannia House is
located on the well-established Riverside Park Industrial Estate immediately to the
north of Middlesbrough town centre. The business park has a strong mix of office,
light industrial and distribution units. The estate is well situated adjacent to the A66
and is approximately half a mile from the A19 York to Newcastle main arterial road.
Middlesbrough Station is within a 5-minute drive and connects to London in 2 hrs 45
mins. Teesside International Airport is 11 miles to the west.

Location

marker
Location: Block 2 & 3 Britannia House, 62 Brignell Rd, Riverside Business Park , Middlesbrough TS2 1PS

Middlesbrough (0.7 miles)

Billingham (2.0 miles)

South Bank (2.5 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here