Property photos
£175,000
(£132.58/sq. ft)
Retail premises for sale
Corporation Road, Middlesbrough TS11,320 sq. ft
Local area information
Property location
Nearby amenities
- Middlesbrough 0.2 miles
- Abingdon Primary School 0.4 miles
- Transporter Bridge South Side 0.5 miles
- Newport Primary School 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Middlesbrough to find out more about the local area.
Features and description
- Investment Opportunity
- 13.7 % Yield
- New Leases
Great Investment Opportunity and not one to be missed !
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
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
More information
Listed by
Parker Barras
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