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We are seeking offers in excess of £2,760,000, 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. Internally, the units are split over two levels; the ground ﬂoor features warehouse/storage accommodation over a concrete slab, accessed via a 3.4m roller shutter to the front elevation. The upper floor provides a high speciﬁcation multi-purpose accommodation alongside a kitchenette, ideal for an office but adaptable to suit any needs. The external envelope is of facing brickwork construction with a glazed entrance facade and the property is surmounted by a pitched, tiled roof. The units have been designed with occupier affordability in mind; quantum falls below the minimum rates threshold, while LED fittings and electric panel radiators throughout contribute to excellent EPC ratings and low running costs. The property beneﬁts from a ten year insurance-backed build warranty.
Mandale Park TS1 is conveniently located in Middlesbrough at the well-known trading estate, Cannon Park. accessed via Newport Road. Nearby you’ll find major sea port, Teesport, which was granted freeport status in 2021. It’s anticipated to boost the local economy with £1.4bn in additional inward investment and create 18,000 jobs. The development also benefits from excellent road transport links located immediately adjacent to the A66 dual carriageway providing direct access to the A19.
The property 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.