59 Borough Road, Middlesbrough, North Yorkshire, TS1
£199,950
£112.27 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,781 sq ft
165 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Key features
- Prime Location - On Borough Road near Linthorpe Road in central Middlesbrough.
- High Footfall - Strong pedestrian and vehicle flow close to Albert Road and Teesside University.
- Property Use - Two-storey building with ground floor restaurant and upper floor tattoo studio.
- Current Tenants - Uttapam: South Indian Cuisine and The Rams Den Tattoo.
- Total Size - Net internal area of 1,781 sq ft over both floors.
- Internal Facilities - Kitchens, preparation areas, WCs, staff room, attic storage.
- Parking Provision - Space for approximately 2 vehicles to the rear.
- Rental Income - Fully let, producing £17,000 p.a. on effectively FRI leases.
- Investment Offer - Freehold for sale at £199,950 with development potential STP.
Description
LOCATION
The property is situated on the south side of Borough Road close to the junction with Linthorpe Road in central Middlesbrough.
Linthorpe Road is the primary retail pitch in Middlesbrough town centre and is home to a number of local, regional and national occupiers including Manjaros, McDonalds, Fatso's and Umi Japanese Bar and Restaurant
This prominent position benefits from high volumes of traffic and footfall between central Middlesbrough, Albert Road and Teesside University.
DESCRIPTION
The property comprises a two-storey mid-terraced building arranged to provide a ground floor restaurant and upper floor tattoo studio. Each unit is accessed from a shared entrance hall.
59 Borough Road, which provides a ground floor restaurant is arranged to provide seating area, kitchen/preparation area, stores and customer WC.
59a Borough Road, which provides an upper floor tattoo studio, is arranged to provide a store room, tattoo studio and customer toilets on the first floor. A further staircase provides access to a staff room and kitchenette together with attic storage.
The property is occupied by two local businesses in The Rams Den Tattoo and Uttapam: South Indian Cuisine.
The property holds potential for configuration and further development subject to planning and necessary consents.
Externally there is parking to the rear for approximately 2 vehicles.
ACCOMMODATION
The approximate areas are as follows.
Ground Floor
Sales Area 43.42 sq m (467 sq ft)
Kitchen/Prep 38.80 sq m (418 sq ft)
WC
Total Area (NIA) 82.22 sq m (885 sq ft)
Upper Floors
Sales Area 46.5 sq m (500 sq ft)
Treatment Room 10.5 sq m (113 sq ft)
Staff Room and Kitchen 10.0 sq m (108 sq ft)
Storage 16.26 sq m (175 sq ft)
WC
Total Area (NIA) 83.26 sq m (896 sq ft)
Building Total Area 165.48 sq m (1,781 sq ft)
(NIA)
TENURE
59 Borough Road is currently let to a private individual on a 5 year effectively FRI lease from 14/03/2025, at a passing rent of £12,000 per annum.
59a Borough Road is currently let to a private individual on a 5 year effectively FRI lease from 25/03/2022, at a passing rent of £5,000 per annum.
The total rent receivable by the landlord is presently £17,000 per annum exclusive.
Documentation is available on request.
OPPORTUNITY
The freehold investment is available to purchase at an asking price of £199,950.
The property is occupied by two established local business and situated in the centre of Middlesbrough between Teesside University and Linthorpe Road.
LEGAL COSTS
Each party will be responsible for their own legal costs in respect of this transaction.
VAT
All rent / prices quoted are exclusive of VAT if applicable.
VIEWING
Strictly by appointment through this office only.
Contact - Jack Robinson
Subject to Contract
The property is situated on the south side of Borough Road close to the junction with Linthorpe Road in central Middlesbrough.
Linthorpe Road is the primary retail pitch in Middlesbrough town centre and is home to a number of local, regional and national occupiers including Manjaros, McDonalds, Fatso's and Umi Japanese Bar and Restaurant
This prominent position benefits from high volumes of traffic and footfall between central Middlesbrough, Albert Road and Teesside University.
DESCRIPTION
The property comprises a two-storey mid-terraced building arranged to provide a ground floor restaurant and upper floor tattoo studio. Each unit is accessed from a shared entrance hall.
59 Borough Road, which provides a ground floor restaurant is arranged to provide seating area, kitchen/preparation area, stores and customer WC.
59a Borough Road, which provides an upper floor tattoo studio, is arranged to provide a store room, tattoo studio and customer toilets on the first floor. A further staircase provides access to a staff room and kitchenette together with attic storage.
The property is occupied by two local businesses in The Rams Den Tattoo and Uttapam: South Indian Cuisine.
The property holds potential for configuration and further development subject to planning and necessary consents.
Externally there is parking to the rear for approximately 2 vehicles.
ACCOMMODATION
The approximate areas are as follows.
Ground Floor
Sales Area 43.42 sq m (467 sq ft)
Kitchen/Prep 38.80 sq m (418 sq ft)
WC
Total Area (NIA) 82.22 sq m (885 sq ft)
Upper Floors
Sales Area 46.5 sq m (500 sq ft)
Treatment Room 10.5 sq m (113 sq ft)
Staff Room and Kitchen 10.0 sq m (108 sq ft)
Storage 16.26 sq m (175 sq ft)
WC
Total Area (NIA) 83.26 sq m (896 sq ft)
Building Total Area 165.48 sq m (1,781 sq ft)
(NIA)
TENURE
59 Borough Road is currently let to a private individual on a 5 year effectively FRI lease from 14/03/2025, at a passing rent of £12,000 per annum.
59a Borough Road is currently let to a private individual on a 5 year effectively FRI lease from 25/03/2022, at a passing rent of £5,000 per annum.
The total rent receivable by the landlord is presently £17,000 per annum exclusive.
Documentation is available on request.
OPPORTUNITY
The freehold investment is available to purchase at an asking price of £199,950.
The property is occupied by two established local business and situated in the centre of Middlesbrough between Teesside University and Linthorpe Road.
LEGAL COSTS
Each party will be responsible for their own legal costs in respect of this transaction.
VAT
All rent / prices quoted are exclusive of VAT if applicable.
VIEWING
Strictly by appointment through this office only.
Contact - Jack Robinson
Subject to Contract
Brochures
59 Borough Road, Middlesbrough, North Yorkshire, TS1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Middlesbrough Station0.5 miles
- South Bank Station2.5 miles
- Marton Station2.5 miles
About Thomas : Stevenson, Middlesbrough
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