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.
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.
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.
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,
The valuation office website shows a rateable value of £5,100. For the actual amount payable, please call Middlesbrough Council.
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.
All offers where made silent of VAT, will be deemed to be exclusive thereof.
Each Party to bear their own