Summary - 150 150 INVESTMENT FOR SALE, Lakeside House and Winder House, Kingfisher Way, Stockton on Tees TS18 3NB TS18 3NB
1 bed 1 bath Office
**Standout Features:**
- Two modern detached office buildings totaling 19,209 sq ft (1,785 m²)
- Freehold investment with three core tenants: Knights Law, Billions Europe Ltd, and Aspire Technology Solutions Ltd
- Passing rent of £195,500 per annum, with a potential reversionary rent of £254,748
- Prime strategic location within Preston Farm, Teesside, near A66 trunk road
- Established commercial environment with views over the River Tees
- Impressive Net Initial Yield of 9.54%
Ideally suited for investors seeking a solid addition to their portfolio, this freehold office investment features two contemporary office buildings built in 2006, offering expansive spaces of 13,122 sq ft and 6,087 sq ft, respectively. With three secure tenants and an exceptional passing rent, the property boasts significant reversionary potential, allowing for future growth and increased returns. Positioned within a thriving business park, it enjoys excellent transport links and a vibrant commercial atmosphere, making it a prime location for business activity.
While the property presents a compelling investment opportunity with a modest capital value of £106.72 psf, interested buyers should consider the average crime rate and mobile coverage in the area. Despite these factors, the strong yield and location within one of Teesside’s key business hubs cannot be overlooked. This is a unique opportunity to own a substantial asset in a strategic and growing market—act swiftly, as this offering may not last long!
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