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Phoenix House Westerby Rd 18,292 SF Office Building Middlesbrough TS3 8TD $653,996 ($35.75/SF) 8.16% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated on the edge of Skippers Lane Industrial Estate
- Excellent access to the A66 Trunk Road
- 2 miles east of Middlesbrough town centre
EXECUTIVE SUMMARY
The freehold interest is available to purchase with offers invited over £490,000 reflecting a gross initial yield of 8.16%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
18,292 SF
Building Class
B
Year Built
1990
Price
$653,996
Price Per SF
$35.75
Cap Rate
8.16%
NOI
$53,366
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
9,146 SF
Building FAR
0.91
Lot Size
0.46 AC
Parking
23 Spaces
AMENITIES
- Bus Line
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Phoenix House | Westerby Rd
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