Retail premises for sale in Corporation Road, Middlesbrough TS1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Investment Opportunity
- 13.7 % Yield
- New Leases
Property description
Unit 2 Rede House, Middlesbrough, TS1 1LY
The unit which is currently occupied by 2 separate tenants generates a total rent of £24,000.
Both units share an entrance into the building from the coffee shop on the right hand side, alongside this both units also share WC facilities.
Saks Hairdressing (left) is occupied on a year to year lease paying £1,000 Per month.
Industry Coffee Shop (right) will be granted a new 5 year lease with a break at year 3 upon a new buyer purchasing the property, paying £1,000 per month.
The property is held on a 250 year lease dated March 2015 at a peppercorn ground rent.
There is a service charge payable of approximately £160 per month
The property is located centrally in the town and has plenty of paid parking outside.
For Sale - £175,000 - Fixed Price
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Parker Barras, TS2 on +44 1642 966828 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Parker Barras, and do not constitute property particulars. Please contact Parker Barras for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
.png){kind=logo}