Element Aerospace, Holwick Road, Middlesbrough
9,652 sq ft
Description
- Price Offers in the region of £710,000
• Securely let R&D Unit on Riverside Park Industrial Estate.
• Prime Teesside industrial location.
• GIA 9,652 sq ft.
• Low Site Cover of 30%.
• Freehold.
• Let to Element Aerospace UK Ltd on a 10 year FRI term, subject to schedule of condition and break option in year 5.
• Commencing rent of £57,962 per annum (£6.00 per sq ft).
• Year 5 rent review CPI (2%-4%).
Offers in the region of £710,000 (Seven Hundred and Ten Thousand Pounds) exclusive of VAT, reflecting a Net Initial Yield of 7.75%, after purchaser’s costs of 5.95%.
• Prime Teesside industrial location.
• GIA 9,652 sq ft.
• Low Site Cover of 30%.
• Freehold.
• Let to Element Aerospace UK Ltd on a 10 year FRI term, subject to schedule of condition and break option in year 5.
• Commencing rent of £57,962 per annum (£6.00 per sq ft).
• Year 5 rent review CPI (2%-4%).
Offers in the region of £710,000 (Seven Hundred and Ten Thousand Pounds) exclusive of VAT, reflecting a Net Initial Yield of 7.75%, after purchaser’s costs of 5.95%.
Copyright © 2025 Avison Young. All rights reserved. Powered by SharpLaunch