• Extremely well-connected property on Tofts Farm Industrial Estate in Hartlepool.
• Tofts Farm is a highly sought-after industrial estate with only 2,700 sf of space available for lease.
• Directly off the A689 Highway and a short distance from the Wolviston Interchange (A19).
• 800m from Seaton Carew Train Station.
• Comprising industrial building with car parking.
• Total floor area of 98,381 sq. ft / 9,140 sq. m.
• The warehouse has an eaves height of approximately 7.13m rising to 9.13m at the apex.
• Total passing rent of £85,000 per annum (£1.89 psf).
• Freehold.
PROPOSAL
Seeking offers in excess of £1,200,000 (One million, two hundred thousand pounds) subject to contract. A sale at this level reflects a net initial yield of 6.69% assuming purchaser's costs of 5.92% and a reversionary yield of 14.6%. Low capital value of £12.19 psf.
