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Hampdon House 3 Falcon Ct 5,029 SF 100% Leased Office Building Stockton On Tees TS18 3TS $546,489 ($108.67/SF) 6.66% Cap Rate



Investment Highlights
- 250-year lease from 20 November 2018 at a peppercorn (nil) ground rent
- Current income of £27,300 pa with ERV circa £55,000 pa
- High-quality internal specification including LED lighting and suspended ceilings
- Part let / part vacant, suitable for investors or owner-occupiers
- Located on Preston Farm Business Park, a prime Teesside office location
- Detached two-storey office building extending to 5,029 sq ft (NIA)
Executive Summary
Hampdon House comprises a detached, two-storey office building arranged as four self-contained office suites with shared male and female WC facilities on both floors. The ground floor is fully let to established occupiers Bauer Radio’s Cash for Kids Charities and Teeskleen Limited, producing a combined income of £27,300 per annum. The first floor is currently vacant, offering immediate owner-occupation potential or asset-management upside through reletting. The estimated rental value of the fully let building is approximately £55,000 per annum, providing clear reversionary potential for investors. The property is located on the well-established Preston Farm Business Park, one of Teesside’s principal commercial locations, benefiting from excellent road connectivity and strong occupier demand.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
5,029 SF
Building Class
B
Year Built
2000
Price
$546,489
Price Per SF
$108.67
Cap Rate
6.66%
NOI
$36,396
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,532 SF
Building FAR
0.03
Lot Size
4.26 AC
Parking
10 Spaces (1.99 Spaces per 1,000 SF Leased)
Amenities
- Security System
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Hampdon House | 3 Falcon Ct
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