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Wetherby House, Portrack Interchange Business Park, Stockton on Tees TS18 2SL

  • Modern office building totalling 570.32 sq m (6,139 sq ft) over three floors plus a 101.50 sq m (1,092 sq ft) fully fitted attic file storage area
  • Let to The Durham Tees Valley Community Rehabilitation Company Limited (wholly owned by Secretary of State for Justice)
  • New 10 year and 2 month lease from 14th July 2015 (Break clause in 6.5 years)
  • Rent £62,500 per annum (£10.18 per sq ft)
  • We are instructed to seek offers of £700,000 (Seven Hundred Thousand Pounds), which reflects a net initial yield of 8.50% after purchaser’s costs at 5.80%.