For Sale Tees Valley Portfolio Stockton-On-Tees Executive Summary
MIXED USE PORTFOLIO OPPORTUNITY COMPRISING OFFICE AND INDUSTRIAL ASSETS THROUGHOUT THE TEESSIDE AREA WITH EXCELLENT VALUE-ADD POTENTIAL FOR SALE TEES VALLEY PORTFOLIO STOCKTON-ON-TEES EXECUTIVE SUMMARY • 7 office & industrial assets strategically located on the Teesside regions’ most prominent commercial estates. • On-going, clearly identifiable asset management opportunities. • Rental growth potential and improving occupational market. • Strong occupier mix including North Tees PCT, NHS, Arup, G4S, Sulzer Chemtech and Rexel UK with a total rent roll of £959,149 per annum. • WAULT of 4.2 years to expiry (2.4 years to break), providing excellent value add potential through lease restructure. • Offers in excess of £9.14M are sought, reflecting a net initial yield of 9.92% after standard purchaser’s costs at 5.8%. • The opportunity to purchase individual assets from the portfolio may be entertained. TEESTEESDALE VALLEY SOUTH PORTFOLIO BUSINESS PARK STOCKTON-ON-TEESTHORNABY PLACE, STOCKTON ON TEES TS17 6SA WEIGHTING BY INCOME WEIGHTING BY PRICE £40,000 £430,000 £126,534 £1,135,000 £90,000 £970,000 £146,000 £240,750 £1,530,000 £2,145,000 £55,000 £610,000 £260,865 £2,320,000 TOP 5 TENANTS BY INCOME Tenant Property % of income Creditsafe Rating Onyx Group Ltd Onyx House 15.2% Low Risk Sulzer Chemtech Ltd Sulzer House 9.4% Very Low Risk Anderson Barrowcliff LLP Waterloo House 8.7% Very Low Risk G4S Secure Solutions (UK) Ltd Scotswood House 6.1% Very Low Risk Rexel UK Ltd Crofton Road 5.7% Very Low Risk TEESTEESDALE VALLEY SOUTH PORTFOLIO BUSINESS PARK STOCKTON-ON-TEESTHORNABY PLACE, STOCKTON ON TEES TS17 6SA LOCATION Stockton-on-Tees is situated approximately 250 miles north Stockton-on-Tees is an astutely located commercial centre within both the immediate of London, 58 miles north of Leeds and 35 miles south of Scotland urban conurbation and the wider region of the North East of England.
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