Pub/bar for sale in High Street, Middlesbrough TS6
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Property description
Location
This property is located on Eston High Street, Middlesbrough with high passing trade and amazing visibility. The property is in a prominent location and is surrounded by mostly occupied commercial properties. There is no doubt that this property sale will catch an investors eye.
Description
The property comprises of a ground floor pub, which is fully fitted and furnished, along with a basement. The first floor comprises of 2 residential properties, one with two bedrooms and the other with three bedrooms. Both apartments are fitted with a kitchen and bathroom and include an outdoor terrace which is unusual for the area, making this a fantastic addition.
Both apartments are tenanted and returning £175 per week per apartment with bills inclusive.
Current rent income is £23,400 per annum, which includes a below-market-rate for the licenced premises.
With this is mind, the yield return is 11.70%.
Term
Freehold for sale – The area of boundary is approximately 3,049sqft.
Viewing
If you require any further information or would like to arrange a viewing, please contact the office
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Magnum Properties NE Ltd, TS1 on +44 1642 966585 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Magnum Properties NE Ltd, and do not constitute property particulars. Please contact Magnum Properties NE Ltd 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.