Wrkspace, 251-255 Linthorpe Road, Middlesbrough
- SIZE AVAILABLE
36,271 sq ft
3,370 sq m
- SECTOR
Mixed use property for sale
Key features
- To be offered on Wednesday 5 November
- High Yielding Mixed Use Investment
- Three retail units and office space to the upper parts
- Multi-let to eight tenants including Tesco and Ladbrokes
- 73% of the income is secured against Creditsafe 'very low risk' rated tenants
- WAULT of c. 5.59 Years
- Fully refurbished, award winning building
- 36,271 sq ft (3,369 sqm)
- Located on the principle retail thoroughfare in Middlesbrough
- Investment Let at £330,121.52 p.a. (11.58% GIY on guide price)
Description
The property occupies a prominent position on Linthorpe Road- the principle retail and leisure thoroughfare in Middlesbrough. The prime shopping centre in Middlesbrough is located 0.3 miles from the property , where occupiers include, Card Factory, Greggs, Next and Primark. In addition, Teesside University's Main campus is located directly opposite the property .
The building is subject to a service charge and all costs are borne by the service charge including a management fee that can used by a prospective incoming purchaser to cover the cost of managing the building , or to appoint a property management company to this effect. Please refer to the legal pack , where a copy of the service charge can be found.
The property is located in Middlesbrough Town Centre on Linthorpe Road, and the junction with St Aidans Street,and Clifton Street. Linthorpe Road, is the main retail thoroughfare in Middlesbrough and provides the town with the majority of its lesiure , retail and restaurant amenity . In addition, it is the home of Middlesbrough University's main campus, located directly opposite the subject property .
The property benefits from being located 0.8 Miles from Middlesbrough Rail station providing direct access to London,Manchester and York. By road the property is well located from access to the A66, and A1M
Brochures
Wrkspace, 251-255 Linthorpe Road, Middlesbrough
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Middlesbrough Station0.7 miles
- Marton Station2.4 miles
- Thornaby Station2.5 miles
Notes
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