Retail premises for sale in Ayresome, Middlesbrough TS5
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Property description
Magnum Properties is excited to introduce this property with a commercial downstairs shop and spacious residential area above, with the potential for conversion into commercial units or flats.
The generous room sizes with ample space for 5/6 rooms with en-suites. The downstairs shop unit, spanning approximately 600 sqft, is Located in a bustling area with high foot traffic and is surrounded by residential properties.
This property would be great for anyone looking to establish a successful general store, takeaway, or retail clothing business, Equally interesting to someone looking to convert into self-contained residential dwellings, something the council is very favorable to permitting, due to the demand in the area. This property would offer the space to create 6 studios.
Potential Return
6 Rooms with en-suites at £500pcm each.
£36,000 Per Annum.
Estimated Renovation cost £50,000.
Potential ROI 18%
Viewings
For more information or if you would like to book a viewing, please call us
* 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.