Corporation Road, Middlesbrough, North Yorkshire, TS1
£132.58 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,320 sq ft
123 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes
A3
Key features
- Investment Opportunity
- 13.7 % Yield
- New Leases
Description
Unit 2 Rede House, Middlesbrough, TS1 1LY
The unit which is currently occupied by 2 separate tenants generates a total rent of £24,000.
Both units share an entrance into the building from the coffee shop on the right hand side, alongside this both units also share WC facilities.
Saks Hairdressing (left) is occupied on a year to year lease paying £1,000 Per month.
Industry Coffee Shop (right) will be granted a new 5 year lease with a break at year 3 upon a new buyer purchasing the property, paying £1,000 per month.
The property is held on a 250 year lease dated March 2015 at a peppercorn ground rent.
There is a service charge payable of approximately £160 per month
The property is located centrally in the town and has plenty of paid parking outside.
For Sale - £175,000 - Fixed Price
Corporation Road, Middlesbrough, North Yorkshire, TS1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Middlesbrough Station0.2 miles
- South Bank Station2.2 miles
- Marton Station2.6 miles
Notes
Disclaimer - Property reference 183125265. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Parker Barras, Teesside. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.