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George Stephenson House

Just added

Office for sale

£4,000,000 39,334 sq ft

Sanderson Weatherall LLP
Contacts

Kevin McGorie - Sanderson Weatherall LLP

Chris Dent - Sanderson Weatherall LLP

Charlotte Marshall - Sanderson Weatherall LLP

Full address
St Marks Ct, Stockton On Tees TS17 6QP – Thornaby-on-Tees
Highlights
  • The property resides on a regular shaped site extending to 2.105 acres (0.852 hectares)
  • Modern 3 storey office pavilion extending to 3,654 sq m (39,334 sq ft)
  • Passing Rent: £790,000 per annum
  • 167 designated car parking spaces (1:236 sq ft)
  • Located in Teesdale Business Park
Property owner
FCFM Group Ltd
Property type

Office for sale Search all

Asking price
£4,000,000
Available space range
There is 1 space available. This measures 39,334 sq ft.
Features
Raised floor, Security system, Accent lighting, Energy Performance Rating - E
Brochure
Download the brochure

Sale details

Sale unit 3911523 Available

39,334 sq ft, £101.69 per sq ft

Unit Sale unit 3911523
Address St Marks Ct, Stockton On Tees, Cleveland, TS17 6QP, GB
Size 39,334 sq ft
Price £4,000,000
Price per unit £101.69 per sq ft
Unit Sale unit 3911523
Address St Marks Ct, Stockton On Tees, Cleveland, TS17 6QP, GB
Size 39,334 sq ft
Price £4,000,000
Price per unit £101.69 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 18.54%
Financial type Actual
Financial year 2018
Net operating income £741,600

Sale notes

  • George stephenson house is leased on a full repairing and insuring lease to the secretary of state for communities and local government for 20 years from 2nd february 2004 subject to a tenant’s only break option 2nd april 2021..
  • The passing rent is £790,000 per annum until april 2024, equates to £20.06 per sq ft.

Property description

George Stephenson House is an attractive, modern three storey office building which is of steel frame construction with brick clad elevations beneath a pitched tiled roof. The building was built in 1999 and was finished to a high quality specification. The business park itself is held in high regard in the north-east and is seen as the principal office location in Teesside and has been immensely successful due to its location, quality of environment, ample car parking and the overall amenities within the area.

Building subtype
Office live work unit
Number of storeys
3
Parking ratio
4.22
Rentable building area
39,334 sq ft
Year built
1999

Attachments

PDF #1 Marketing brochure/flyer Download

This office for sale is located in Thornaby-on-Tees.

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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 Sanderson Weatherall LLP. 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 Sanderson Weatherall LLP for full details and further information.