Scania | Westland Way
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Scania Westland Way
26,920 SF Industrial Building Stockton On Tees TS18 3FB $19,981,716 CAD ($742 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Brand new HGV sales & service centre.
- Six bays of workshop space, complete with access pits.
- Strategically located adjacent to the A66, 11 miles west of Teesport and 12 miles east of the A1(M).
Executive Summary
Offers in excess of £11,030,000 / 6.50% assuming purchaser's costs of 1.80%
The development has been pre-let to Scania (Great Britain) Limited on a full repairing and insuring lease a 15 year lease from Practical Completion in July 2025, The rent on the warehouse and yard are subject to 5 yearly CPI reviews (1%-3%)., The initial rent will be £730,000 per annum
The development has been pre-let to Scania (Great Britain) Limited on a full repairing and insuring lease a 15 year lease from Practical Completion in July 2025, The rent on the warehouse and yard are subject to 5 yearly CPI reviews (1%-3%)., The initial rent will be £730,000 per annum
Property Facts
| Price | $19,981,716 CAD | Lot Size | 6.27 AC |
| Price Per SF | $742 CAD | Construction Status | Proposed |
| Sale Type | Investment | Rentable Building Area | 26,920 SF |
| Cap Rate | 6.50% | No. Stories | 2 |
| Tenure | Freehold | Year Built | 2026 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Truck Terminal | Parking Ratio | 1.82/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 6 |
| Price | $19,981,716 CAD |
| Price Per SF | $742 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Truck Terminal |
| Building Class | B |
| Lot Size | 6.27 AC |
| Construction Status | Proposed |
| Rentable Building Area | 26,920 SF |
| No. Stories | 2 |
| Year Built | 2026 |
| Tenancy | Single |
| Parking Ratio | 1.82/1,000 SF |
| No. Drive In / Grade-Level Doors | 6 |
Amenities
- 24 Hour Access
- Energy Performance Rating - A
- Automatic Blinds
Utilities
- Lighting
- Water - City
- Sewer - City
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Richard Mackie -
Chris Thornton -
Lismore Real Estate Advisors Ltd
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Scania | Westland Way
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