For Sale: The Foundry, 180 High Street, Eston, TS6

A fantastic opportunity to purchase a well-established mixed use development in a highly sought after area.

Location

This property is located on Eston High Street, Middlesbrough with high passing trade and amazing visibility. The property is in a prominent location and is surrounded by mostly occupied commercial properties. There is no doubt that this property sale will catch an investors eye.

Description

The property comprises of a ground floor pub, which is fully fitted and furnished, along with a basement. The first floor comprises of 2 residential properties, one with two bedrooms and the other with three bedrooms. Both apartments are fitted with a kitchen and bathroom and include an outdoor terrace which is unusual for the area, making this a fantastic addition.

Both apartments are tenanted and returning £175 per week per apartment with bills inclusive.

Current rent income is £23,400 per annum, which includes a below-market-rate for the licenced premises.

With this is mind, the yield return is 11.70%.

Term

Freehold for sale - The area of boundary is approximately 3,049sqft.

Viewing

If you require any further information or would like to arrange a viewing, please contact the office