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The Grange Business Centre

Light industrial unit for sale

£625,000 31,117 sq ft

Carver Commercial
Contact name

Julie Wallin - Carver Commercial

Full address
Belasis Ave, Billingham TS23 1LG – Billingham
Property type

Light industrial unit for sale

Asking price
£625,000
Available space range
There is 1 space available. This measures 31,117 sq ft.

Sale details

Sale unit 3487150 Available

31,117 sq ft, £20.09 per sq ft

Unit Sale unit 3487150
Address Belasis Ave, Billingham, Cleveland, TS23 1LG, GB
Size 31,117 sq ft
Price £625,000
Price per unit £20.09 per sq ft
Unit Sale unit 3487150
Address Belasis Ave, Billingham, Cleveland, TS23 1LG, GB
Size 31,117 sq ft
Price £625,000
Price per unit £20.09 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 9.79%
Financial type Actual
Financial year 2018
Net operating income £61,188

Sale notes

  • The available investment comprises a multi-let business centre which currently is at 94% occupancy with 14 tenants.
  • The tenancies are on full repairing and insuring lease terms with service charge.
  • Present rents amount to £71,660 per annum exclusive, reflecting a net yield of 9.79% on the guide price.

Property description

The property comprises a building of steel and masonry construction arranged over two floors, offering industrial and office accommodation within.

Building subtype
Light distribution
Number of storeys
2
Rentable building area
31,117 sq ft
Year built
1970

This light industrial unit for sale is located in Billingham.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Carver Commercial. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Carver Commercial for full details and further information.