• 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 a fully let industrial building with car parking.
• Total floor area of 126,584 sq. ft / 11,760 sqm.
• The warehouse has an eaves height of approx 7.02 m rising to 8.07m at the apex.
• PD Ports is a Middlesbrough, UK headquartered port, shipping and logistics company; owner of Teesport, and ports at Hartlepool, Howden and Keadby; with additional operations at the Port of Felixstowe, Port of Immingham, and Port of Hull.
• The tenant has been in occupation since March 2009.
• Total passing rent of £227,300.00 per annum (£2.17 psf).
• Freehold.
PROPOSAL
Seeking offers in excess of £1,600,000 (One million, six hundred thousand pounds) subject to contract. A sale at this level reflects an attractive net initial yield of 13.4% assuming purchaser's costs of 6.14% and a low capital value of £12.64 psf.
