Element Aerospace, Holwick Road, Middlesbrough, TS2 1QS

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Element Aerospace Brochure

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Element Aerospace, Holwick Road, Middlesbrough, TS2 1QS

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Agent's Details

Jamie Sim

T: 07940 951776

Simon Beanland

T: 07885 459270

For Sale £ 

Securely let R&D Unit on Riverside Park Industrial Estate.

Prime Teesside industrial location.

GIA 9,652 sq ft.

Low Site Cover of 30%.

Freehold.

Let to Element Aerospace UK Ltd on a 10 year FRI term, subject to schedule of condition and break option in year 5.

Commencing rent of £57,962 per annum (£6.00 per sq ft).

Year 5 rent review CPI (2%-4%).

Offers in the region of £710,000 (Seven Hundred and Ten Thousand Pounds) exclusive of VAT, reflecting a Net Initial Yield of 7.75%, after purchaser’s costs of 5.95%.