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Restaurant for sale

Victoria Road, Middlesbrough

Withdrawn from Market £240,000

Property Description

Key features

  • PROMINANTLY POSITIONED ON VICTORIA ROAD, CLOSE TO THE WOODLANDS ROAD JUNCTION
  • IDEAL LOCATION FOR THE STUDENT LET PROPERTY MARKET, BEING A MATTER OF MINUTES AWAY BY FOOT
  • POTENTIAL OF CONVERSION TO STUDENT ACCOMMODATION, OR TO SEPERATE THE SHOP IN TO TWO UNITS AND THEN LEASE OUT
  • HOME OF A SUCCESSFUL BUSINESS FOR NEARLY 35 YEARS, SO WILL INTEREST AN OWNER OPERATOR WITH SCOPE TO DEVELOP THE BUSINESS

Full description

GUIDE PRICE £240000 - £260000 UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a deposit and a 3%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

REGISTRATION STARTS AT 6PM AND THE LEGAL PACKS CAN BE DOWNLOADED FROM OUR WEBSITE AT, www.townandcountrypropertyauctions.co.uk.

A CENTRALLY LOCATED DOUBLE FRONTED RETAIL OPPORTUNITY, WITHIN A MATTER OF MINUTES FROM THE UNIVERSITY OF TEESSIDE, IN MIDDLESBROUGHS BUSTLING TOWN CENTRE / ACCOMMODATION SPREAD OVER 3 STOREYS / GOING CONCERN RETAIL USE TO THE GROUND FLOOR IN THE FORM OF A FOOD ESTABLISHMENT, WITH AN ADDITIONAL LAUNDRY AND DRY CLEANING BUSINESS TO THE REAR , WITH RESIDENTIAL ACCOMMODATION SET ABOVE IN THE FORM OF 3 APARTMENTS, WHICH ARE CURRENTLY WOULD BRING IN AN INCOME OF CIRCA £1200 PCM ON FULL OCCUPATION - CURRENT;Y TWO ARE LET / THE PROPERTY OFFERS A HIGH LEVEL OF SCOPE, THIS MAY INCLUDE MAINTAINING THE CURRENT BUSINESS, FOR AN OWNER OPERATOR, THE SEPERATING UP OF THE SHOP UNITS ALLOWING TWO FURTHER TENANTS TO OCCUPY, OR TO POTENTIALLY CONVERT THE WHOLE SITE INTO RESIDENTIAL ACCOMMODATION SUBJECT TO SUITABLE PLANNING PERMISSIONS / FURTHER DETAILS OF THE OPPORTUNITY AT HAND ARE AVAILABLE* A PLANNING PERMISSION APPLICATION IS CURRENTLY ONGOING FOR THE CONVERSION OF THE SITE INTO RESIDENTIAL ACCOMMODATION


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