Residential Investment in Middlesbrough, Victoria Apartments, 56 Middlesbrough Road, Middlesbrough, TS6 6LZ

The property comprises a three storey, freehold block of 12 self-contained flats offering 26 spacious bedrooms. The subject property was constructed in 2021 in replacement to the public house known as ‘The Victoria’. Each flat benefits from its own kitchen, lounge and shower room/bathroom to a modern specification. Also, each flat is independently metered.

Upon entry you are greeted by spacious hallway leading to a reception area, laundry room, three self-contained two bedroom flats, and the ground level of the two-storey flat four. The first floor comprises of the first floor of flat four and three self-contained two bedrooms flats. The second floor consists of two self-contained two bedrooms flats and one three bedroom flat. The third floor is the largest of the flats and made up of two large self-contained flats, a two bedroom and a three bedroom. Externally, to the rear the property has a yard area which includes a bike and bin store.

The subject property is located on the northern side of Middlesbrough Road in the South Bank area of Middlesbrough, in close proximity to Teesworks regeneration.

Middlesbrough is located in the North East of England and is a key urban centre in the Tees Valley region. Middlesbrough is a large town with industrial roots and is well know as a digital and creative hub within Tees Valley.

The property benefits with excellent transport connections due to south bank railway station being approximately 500 metres north of the property. South Bank railway station connects to Middlesbrough, Durham, Sunderland, and Newcastle upon Tyne. The property is located directly adjacent to the A66 offering access to the A1(M).

Nearby retail includes Greggs, Burger King, Taco Bell, Tesco and Asda.

Offers are invited in the region of £700,000 for our client’s Freehold interest, subject to contract.

Please note our client reserves the right not to accept the highest or any offer received.

The property is let on a Full Repairing and Insuring Lease (FRI) producing £66,000 per annum. Lease term until March 2029. Operating as individual units under assured shorthold tenancy agreements.