25 - 27, Station Road, Billingham, TS23 1AF

Two Commercial Units Plus First-Floor Residential Accommodation Property Presents An Exceptional Investment Opportunity. Spanning An Impressive 1,237 Square Feet And With Plenty Of Free Parking Nearby, The Premises Was Originally Built As Two Separate Retail Spaces That Have Been Seamlessly Opened Up Into One Expansive Area, Providing Versatility For Various Business Ventures.

Description - An Excellent Freehold Mixed-Use Investment Opportunity With Potential For Multiple Rental Income Streams!

Situated on Station Road in Billingham, this substantial double-fronted property offers an exciting opportunity for investors, developers or business owners looking for a versatile commercial and residential investment.

Originally constructed as two separate commercial units, the ground floor has subsequently been combined to create one larger premises. With two individual shopfront entrances already in place, there is potential to reinstate the original layout and create two independent commercial units, subject to any necessary consents and alterations.

The property also benefits from first-floor residential accommodation, currently arranged as a one-bedroom flat comprising a lounge, kitchen and shower room, offering further potential for rental income.

Potential Rental Income

Based on indicative rental estimates, the property could offer the following income opportunities:

Commercial Unit One – Approximately £1,000 PCM

Commercial Unit Two – Approximately £1,000 PCM

First Floor Residential Flat – Approximately £500 PCM

Total Potential Rental Income: £2,500 PCM / £30,000 Per Annum

Based on the asking price of £175,000, this represents an illustrative gross rental yield of approximately 17.1%, making it an interesting proposition for investors seeking the potential for multiple income streams.

These figures are estimates only and are subject to market demand, the necessary permissions, any required works and the accommodation being suitable for separate letting. They are not guaranteed rental returns.

The ground floor offers flexible commercial accommodation with preparation and storage areas, toilet facilities, electric roller shutters and access to a secure rear yard. The property also benefits from lift access to the first floor, adding to its versatility.

Positioned within an established commercial area of Billingham, with nearby businesses, residential neighbourhoods and free parking available in the surrounding area, the property is conveniently located for a variety of potential uses.

Whether you are looking to operate your own business, expand an existing property portfolio or explore the possibility of creating three separate rental income streams, this property offers considerable potential.

Early viewing is recommended to fully appreciate the accommodation, flexibility and investment opportunities on offer.

All proposed uses, alterations and separate lettings are subject to the relevant planning permissions, building regulations and any other necessary consents. Prospective purchasers should make their own enquiries regarding rental values and potential returns.

Vendor Information - The Vendor Informs Us:

25 & 27 Station Road Were Originally Two Separate Units, That Have Been Opened Up Into One & Could Be Converted Back Into Two Units By Its New Owners If Desired (STPP)
Both Properties Are Extended To The Rear With Building Regulations Sign Off In 2010
A Lift Was Installed In 2015 Which Allows For Wheel Chair Access
There Are 2 Water Inlets Into The Properties & The Properties Have Two Electrical Mains Inlets So Both 25 & 27 Can Run From Separate Electricity (25 Has A Recently Updated Consumer Unit, 27 Was Updated Around 15 Years Ago)
Valid EICR For Both 25 And 27 - Dated 2022
Front Of The Shop Benefits From A Warm And Cold Air Con Unit Installed In 2016
Front Of Shop Chiller Units Are Included In The Sale And In Working Order
uPVC Double Glazing Throughout With Toughened Safety Glass To The Ground Floor & First Floor Rear Windows
Recent Fire Safety Check, Passed In 2023
Two Separate Electric Remote Controlled Shutters To The Shop Front, Both Sides
There Is A Ground Floor W.C In 27, And Toilet To Rear In 25
Cold Storeroom In 25 Which Has Plastered And Painted walls And Ceiling & In Working Order
The Premises May Benefit From Small Business Rate Relief As It Does Currently
Gas Supply Comes Into Number 27 But Is Currently Capped Off But Can Be Re-Connected, There Is Also A Gas Supply That Comes In 25 Which Is Currently In Use And Supplies The Instant Water Only Gas Boiler
The First Floor Is Currently Used As A Flat With Council Tax Band A

Ground Floor:

An Arrangement Of Commercial Areas/Rooms
Wash Sink & Separate Hand Sink
Two Ground Floor W.C's
Lift & Separate Staircase
Gated Yard Area

First Floor Flat: (Accessed By Staircase Or Lift)

Consists Of:
Large Living Room
Large Master Bedroom
Kitchen
Bathroom With A Double shower, Toilet, Hand Basin, And Heated Electric Towel Rail
Loft Boarded In The Centre For Storage 27 Side Only
Electric Oil Filled Radiators
Re-Skimmed Walls And Ceilings In The Majority Of Rooms And Bathroom Update In 2015
The Property Has A Built In/Wired In Alarm System Which Secures The Whole Property

Potential Income - Each Shop Has The Potential To Be Let - Approx. £1,000 - £1,250 PCM Each Or As One Whole Unit - Approx. - £2,000 PCM
The Flat Has the Potential To Be Let As A Whole, But May Need To Create A Separate Access - Approx. £500 PCM
The Rooms Upstairs Also Offer The Potential To Be Let With Shared Kitchen & Bathroom - Approx. £100PW Each

Note - EPC Available Upon Request Rating - B (41)
Tenure - Freehold
Flat Council Tax Band A
Commercial Tax - TBC Depending On Use

Disclaimer - Although Issued In Good Faith, These Particulars Are Not Factual Representations And Are Not A Part Of Any Offer Or Contract. Prospective Buyers Should Independently Verify The Matters Mentioned In These Particulars. There Is No Authority For Harper & Co Estate Agents Limited Or Any Of Its Employees To Make Any Representations Or Warranties About This Property.

While We Try To Be As Accurate As Possible With Our Sales Particulars, They Are Only A General Overview Of The Property. If There Is Anything In Particular That Is Important To You, Please Contact The Office And We Will Be Happy To Check The Situation For You, Especially If You Are Considering Traveling A Significant Distance To View The Property. The Measurements Provided Are Only For Guidance, Thus They Must Be Regarded As Inaccurate. Please Be Aware That Harper & Co Have Not Tested Any Of The Services, Appliances, Or Equipment In This Property; As A Result, We Advise Prospective Buyers To Commission Their Own Surveys Or Service Reports Before Submitting A Final Offer To Purchase. Money Laundering Regulations:In Order To Avoid Any Delays In Finalising The Sale, Intending Buyers Will Be Required To Provide Identification Documentation At A Later Time. Please Cooperate With Us In This Process.

Money Laundering - In accordance with Anti-Money Laundering Regulations, all purchasers are required to complete identity and AML verification checks as part of the sales process. A fee of £30 per person applies for these checks. We appreciate your cooperation in helping us meet our legal obligations.