REF: 192317115

For Sale

54-56 Albert Road, Middlesbrough, TS1 1QD

Description

Property For Sale: 54-56 Albert Road, Middlesbrough, TS1 1QD


A fantastic opportunity brought to the market by Parker Barras, 54-56 Albert Road, a fantastic asset management opportunity with huge scope in coming years to increase the rental income. 


The property is comprised of 4 stories above ground and a large basement below. 


Trades Clothing Store has occupied the basement, ground and first floor for over 30 years, on the upper 2 floors is 5, one bedroom flats and separate male and female office toilets. 


The flats are sublet by a housing provider, who gives the owner a guaranteed £14,000 a year rent , the housing provider covers all maintenance, repairs and tenant finding liabilities, this was on a 10 year agreement signed 2020. 


Following the cessation of this agreement we believe these flats could be let out for a higher return. 


For Sale - £350,000 

Specifications

Invest and Develop, Retail

TBC

350000

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Sarah Gowland

"The best estate agents for commercial properties in the North East- Simple, no-nonsense and loads of common sense, Pay for what you get and carry on with your business. I lease two properties from Parker Barras, One short-term and one long-term and I dealt with the Taylors and Fishers at the famous cube office. Amazing people to connect with and their knowledge of Teesside and business acumen is second to none. Hopefully, I will secure a high street unit by next year."

Raojis Enterprises

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Manolia Majid

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