ROI = 3% BMV = -25.33%
Gallery
Description
** THE CURRENT INCOME IS £25,200 PER ANNUM - WHEN VACANT FLAT IS FULL THAT WILL INCREASE TO £31,800 PER ANNUM ** BEING LOCATED IN A PROMINANT & CENTRAL POSITION WITHIN MIDDLESBROUGH' TOWN CENTRE, THIS SIGNIFICANTLY EXTENDED MIXED COMMERCIAL & RESIDENTIAL OPPORTUNITY OFFERS GREAT SCOPE FOR DEVELOPMENT / ENHANCEMENT WHILST CURRENTLY ENJOYING A GENEROUS INCOME 'AS IS'. THE GROUND FLOOR RETAIL AREA IS CURRENTLY OCCUPIED BY A BEAUTY BUSINESS WITH AN 8 YEAR LEASE IN PLACE. THE RESIDENTIAL ACCOMMODATION ABOVE COMPRISES OF 3 SELF CONTAINED ONE BEDROOM APARTMENTS, ALL OFFERING LOUNGE / KITCHENS, A DOUBLE BEDROOM & BATHROOM. THE PROPERTIES ARE POSITIONED WITHIN A MATTER OF MINUTES FORM THE UNIVERSITY OF TEESSIDE, LIKEWISE TO THE MAIN SHOPPING DISTRICT / THE BUS STATION & SLIGHTLY FURTHER, BUT STILL WITHIN WALKING DISTANCE, TO THE TRAIN-STATION. A19 & A66 ROADLINKS ARE ALSO CLOSE AT HAND. GROUND FLOOR RETAIL - £1,000 PCM (8 YEAR LEASE) FLAT A - £550 PCM FLAT B - £550 PCM FLAT C - VACANT (£550)
Find out MoreProperty Details
- Property ID: 158654399
- Added On: 2025-02-27
- Deal Type: For Sale
- Property Price: £300,000
- Bedrooms: 3
- Bathrooms: 1.00
Amenities
- A ground-floor retail unit and three self contained apartments to the upper floors
