Units 1 – 12

Proposal
We are seeking offers in excess of £2,760,000.00, subject to contract and exclusive of VAT. Sales of constituent units will be considered, for example:

• Units 1-5: £1,150,000
• Units 6-8: £690,000
• Units 9-12: £920,000

This investment comprises an estate of twelve multi-let industrial units of traditional brick and block construction, arranged in three parades of five, four and three units respectively.

Tenure
The properties will be sold on the basis of a new, unfettered 999 year lease at a peppercorn rent without review. The freehold will be made available for purchase at a normal price on completion of the wider development.

• Combined gross internal area of 18,600 sq. ft. (1,727.94 sq. m.).
• Split across 12 units with associated landscape and parking and is fully let to a robust mix of regional occupies.
• 100% of the income benefiting from uncapped RPI-link reviews.
• All units benefit from an EPC rating of B, providing protection from forthcoming regulatory changes while keeping occupier costs low.
• WAULT of 9.57 years to expiry (3.90 to break).
• Virtual freehold by way of a 999 year lease at peppercorn rent without review.
• Offers sought IRO £2,760,000, initial yield of 6.54%.

Prime Location:
Welcome to Mandale Park TS1, the ideal space to invest in Cannon Park. Strategically located by the A66 dual carriageway and 1km from the A19, it offers excellent connectivity. Enjoy proximity to Middlesbrough Town Centre in the bustling central business district.

Join national trade occupiers like Edmundson Electrical, CEF, Rexel, and Johnstone’s Decorating Centres. Riverside Park, north of the A66, is a manufacturing and shipping hub with Cleveland Cable, Sulzer Chemtech, SIG Roofing, and AV Dawson.

With Teesport 2km northeast now a Freeport, expect an economic boost with 18,000 new jobs and £1.4 billion in investment. Mandale Park TS1 is at the heart of this growth.

Top-Tier Development:
Mandale Park TS1 offers 23 new two-story light industrial units, each with 800 sq. ft. on the ground floor and 750 sq. ft. on the first floor. The versatile design includes a high load-bearing first floor for storage, office, studio, or showroom use, with ample rear windows. Access is easy with a personnel door and electric roller shutter for efficient loading. Units feature top-notch finishes, including toilet and kitchen facilities, allowing immediate operation and saving you time and money.

Exceptional Utilities
• Internet
• 3-Phase Electricity
• Water
• WC
• Kitchenette
• Electric roller shutter door