Commercial property for sale in Pennine Avenue, Preston Farm Industrial Estate, Stockton-On-Tees TS18

Strapline

Auction Sale - 24/09/2024

Of interest to investors

Substantial Industrial/Office/Training Centre Investment of approximately 44,924 sq ft

Investment let at £135,000 pa (15.88% on Guide Price)

Description

The property comprises two substantial buildings used as industrial/education training centres, together with an external area, on a substantial site of approximately 1.94 acres (0.79 ha).

Tenancy

The property is entirely let to neta Training Trust on a 20 year lease from 10.06.2014 expiring 09.06.2034 at a current passing rent of £135,000 pa.

Neta Training Group was founded at its current location in Stockton-On-Tees in 1975 to provide technical training service to the local engineering, offshore and petrochemical industries ().

Accommodation

Please note the approximate areas have been provided by the voa/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.

Ground floor workshop - 2,568.75 sq m (27,650 sq ft)

Ground floor office/ancillary - 966.29 sq m (10,401 sq ft)

First floor office/ancillary - 438.21 sq m (4,717 sq ft)

Ground floor portable buildings - 200.27 sq m (2,156 sq ft)

Total - 4,173.52 sq m (44,924 sq ft)