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Union St, Middlesbrough

£125,000
Added on 03/08/2020
Teal Space, Middlesbrough
PROPERTY TYPE
House
BEDROOMS
x4
BATHROOMS
x4

Key features

  • INVESTMENT OPPORTUNITY
  • TWO SEPARATE APARTMENTS
  • TWO BEDROOM APARTMENTS
  • POTENTIAL 13% YIELD
  • TENANTS IN PLACE

Property description

** ATTENTION INVESTORS ** CONVERTED HOUSE INTO TWO SEPARATE APARTMENTS ** POTENTIAL 13% YIELD ** EXCELLENT INVESTMENT ** SOLD WITH ALL FIXTURES AND FITTINGS **

This property has been properly converted with planning approval into two 2-bed flats with each bedroom having its own ensuite shower room. Very popular with students, professionals and contractors due to its central location to the town centre and also its close proximity to the University. The two flats are appealing to either a group of four or two groups of 2 which provides the property with considerable interest when marketed for rent.

At full occupancy the property can generate circa £16,000 pa gross rent which is a 13% gross yield. Sold with all fixtures and fittings.

Such conversions of street houses into flats are rare as planning guideline have recently been changed and tightened up to discourage creation of such flats from town houses as the planners are keen for the traditional street house to remain. Don't let this opportunity to effectively buy two lettable units in one property slip away.

We would like to disclose that the current vendor of this property is related to a team member of Teal Space Limited.

CALL TEAL SPACE TODAY TO ARRANGE YOUR VIEWING APPOINTMENT

Brochures

Brochure

Energy Performance Certificates

EE RatingEI Rating

Union St, Middlesbrough

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Middlesbrough Station0.7 miles
  • Thornaby Station2.3 miles
  • Marton Station2.7 miles
Mortgages
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Market information
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About the agent

Teal Space, Middlesbrough

134 Linthorpe Road, Middlesbrough, TS1 3RA

Teal Space, Middlesbrough

Teal Space is a new and fresh sales and lettings agency based in Middlesbrough serving the Tees Valley.

We have an experienced team of Sales and Lettings professionals operating to high standards and our goal is to ensure we service your requirements and sell or let your property as quickly as possible.

Our fees are always competitive, and they can even be free (£Zero) if one of our growing book of active high net worth investors buys your property in an off-market t

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Disclaimer - Property reference 29868438. 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 Teal Space, Middlesbrough. 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.

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