Property photos
Business
Fixed price
£199,950
(£65.58/sq. ft)
Pub/bar for sale
High Street, Middlesbrough TS63,049 sq. ft
Local area information
Property location
Nearby amenities
- Bankfields Primary School 0.3 miles
- Whale Hill Primary School 0.5 miles
- South Bank 2.2 miles
- Gypsy Lane 2.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
A fantastic opportunity to purchase a well-established mixed use development in a highly sought after area.
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
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
More information
Listed by
Magnum Properties NE Ltd
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