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Property details
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Retail premises for sale in Ayresome, Middlesbrough

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Retail premises for sale

3,000 sq. ft*

Property description

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
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Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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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.