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The Co Operative Buildings 251-255 Linthorpe Rd 37,089 SF 100% Leased 4-Star Office Building Middlesbrough TS1 4AT $5,307,138 CAD ($143.09 CAD/SF)



INVESTMENT HIGHLIGHTS
- To be offered on Wednesday 5 November.
- Three retail units and office space to the upper parts.
- 73% of the income is secured against Creditsafe 'very low risk' rated tenants.
- Fully refurbished, award winning building.
- Located on the principle retail thoroughfare in Middlesbrough.
- High Yielding Mixed Use Investment.
- Multi-let to eight tenants including Tesco and Ladbrokes.
- WAULT of c. 5.59 Years.
- 36,271 sq ft (3,369 sqm).
- Investment Let at £330,121.52 p.a. (11.58% GIY on guide price).
EXECUTIVE SUMMARY
A high yielding fully let mixed use investment comprising 36,271 sq ft (3,369 sqm) of retail and office space arranged over 4 floors. The property is fully let producing £330,121.52 (11.58% GIY) on guide price. 73% of the total income is secured against Creditsafe 'very low risk' rated tenants, including Tesco and Ladbrokes. The property benefits from being fully refurbished and a secure underground car park comprising 37 parking spaces. The property has also won 'The best building of any Category ' award at the Evening Gazette Awards 2018. The property occupies a prominent position on Linthorpe Road- the principle retail and leisure thoroughfare in Middlesbrough. The prime shopping centre in Middlesbrough is located 0.3 miles from the property , where occupiers include, Card Factory, Greggs, Next and Primark. In addition, Teesside University's Main campus is located directly opposite the property . The building is subject to a service charge and all costs are borne by the service charge including a management fee that can used by a prospective incoming purchaser to cover the cost of managing the building , or to appoint a property management company to this effect. Please refer to the legal pack , where a copy of the service charge can be found.
PROPERTY FACTS
AMENITIES
- Bus Line
- Security System
- Automatic Blinds
- Storage Space
- DDA Compliant
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
Welcome to GoGo-Robot. We pride ourselves in delivering high quality technical development services to the apps and games industry for companies looking to outsource development of their mobile or desktop games and apps. Over our years in the industry, we have worked on a number of titles for well known brands and products and have experience on all the major platforms, including iOS, Android, Windows Phone and Desktop and OSX. Our highly qualified and experienced team can work with you to develop your game or app for a wide range of devices and platforms, to ensure you can reach the widest range of the market. Based in the UK, we can provide services for every stage of development, from concept, technical development and to QA to ensure your product is to the highest quality and delivered on time and to budget.
- J C Scaffolding Ltd
- -
- 837 SF
- -
- -
The name Ladbrokes is synonymous with betting and gaming: the hallmark of a premier brand. The Company, the origins of which date back to 1886, employs 16,000 people in six countries and is one of the world’s leading betting and gaming enterprises. Ladbrokes is a market leader in retail bookmaking in the UK, Ireland, Belgium and Spain where it operates a combined total of more than 2,700 betting shops. The Company also operates betting facilities at eight FA Premiership grounds and nine racecourses, including Ascot. In addition to its extensive retail presence Ladbrokes is a world leader in remote betting and offers thousands of betting markets on a daily basis over the telephone and Internet. The telephone betting operation, utilising call centres in the UK and Malaysia, services around 100,000 customers, while Ladbrokes.com, the Company’s online betting and gaming facility, has attracted more than 765,000 active clients.
- Leonard Neil Wilkinson
- -
- 4,820 SF
- -
- Jun 2020
- Talking Matters
- -
- 2,104 SF
- -
- -
As a leading multinational retailer, with more than 330,000 colleagues, Tesco aim to serve customers every day with affordable, healthy and sustainable food – to help them enjoy a better quality of life and an easier way of living.
Triage provides information, advice and guidance (IAG) , skills and workplace training, apprenticeships, work preparation and supportive recruitment services that help people secure a job, progress in the workplace and build meaningful careers Triage was founded in 1998 by people who wanted to champion and nurture a collaborative and people focused culture to fuel social cohesion, personal development and achievements and contribute to economic drivers. Kate Carnegie MBE, supported by a team of professional and skilled staff, has led, directed and inspired the company since inception. She has seen Triage grow to become one of the most successful and respected Scottish companies. Delivering from locations across Scotland and North of England, Triage partners with multiple public, private and CVS organisations.
Created in 2008, Vision for Education are a well-established, market-leading education recruitment agency with industry experience and expertise. With branches across the country, they work with primary, secondary and SEND schools, academies, multi-academy trusts, colleges and other alternative provision to recruit and supply the best teachers, support and leadership staff for temporary and permanent positions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
- | 942 SF | - | - | ||
| J C Scaffolding Ltd | - | 837 SF | - | - | ||
|
- | 2,417 SF | - | Dec 2025 | ||
| Leonard Neil Wilkinson | - | 4,820 SF | - | Jun 2020 | ||
| Talking Matters | - | 2,104 SF | - | - | ||
|
- | 3,991 SF | - | - | ||
|
- | 2,471 SF | - | Jun 2018 | ||
|
- | 1,388 SF | $16.76 CAD | Aug 2020 |
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The Co Operative Buildings | 251-255 Linthorpe Rd
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