News & insight

Preston Farm Industrial Estate unit sold to investor above asking price

Marketing / 13 Jun, 17

Acting on behalf of a private landlord, our Teesside agency team has sold a 7,800 sq ft industrial warehouse unit in Preston Farm Industrial Estate to local investor, SCS structures.

The unit, which is located in one of Teesside’s premier commercial locations, is set to be refurbished and offered back on to the market to let. It was sold for £360,000, £10,000 over asking price, and at £45 per sq ft.

George Williams, commercial property agent in our Teesside office said, “The price we achieved on this unit and the fact that it sold so quickly, highlights both the on-going demand for industrial units of this type in the area, as well as the attractive opportunity they offer to investors.

Topics: News

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