The North East's Top Dealmaker, 2 years running* | The Qube, Windward Way, Middlesbrough, TS2 1QG

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Fantastic retail investment on Baker Street, Middlesbrough

27 Baker Street, Middlesbrough, North Yorkshire, TS1 2LF, UK
£ 115,000
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Property Description:

Fantastic investment opportunity with tenant on the hugely popular Baker Street in Middlesbrough. Surrounded by a range of successful businesses and close to the Town Centre with all of its amenities.

Location

The property is situated on the south side of Baker Street between Linthorpe Road and Albert Road in the commercial heart of Middlesbrough in close proximity to the Cleveland Shopping Centre. This area of Middlesbrough has recently attracted significant investment. Baker Street is a mixed commercial area with a variety of occupiers including micropubs, cafes and beauty retail shops.

Description

The property forms part of a terrace and comprises a two storey building of traditional construction under a pitched slate roof. There are yard area facilities to the rear. The building is self contained.

Occupation

The property is held by way of an occupational lease with a current rent of £6,720 per annum. The current occupiers, trading as a Hairdressers, have been in the property for 10 years and a new 10 year lease is to be signed February 2020, with a 5 year break,

Rates

The valuation office website shows a rateable value of £5,100. For the actual amount payable, please call Middlesbrough Council.

Terms

Freehold available for £115,000.

Energy Performance Certificate

This property has an energy assessment rating of C(61). A full copy of the EPC is available upon request.

VAT

All offers where made silent of VAT, will be deemed to be exclusive thereof.

Legal Costs

Each Party to bear their own

Features

General Facts & Features
Densely populated area
High pedestrian footfall
Established neighbouring businesses
Close to transport links
Fixtures and Fittings
May apply for Business Rate Relief
Utility - Electric supply
Utility - Water supply

Transport Links

  • Airport: 25 minutes by Car
  • Bus station: 2 minutes by Foot
  • Train station: 10 minutes by Foot
  • Town center: 2 minutes by Foot
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Lower running costs (kWH/m)
(< 25) A
(26 To 50) B
(51 To 75) C
(76 To 100) D
(101 To 125) E
(126 To 150) F
( > 151) G
61
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