REF: 183125265

For Sale

For Sale - Unit 2 Rede House, Middlesbrough, TS1 1LY

Key Features

  • Investment Opportunity
  • 13.7 % Yield
  • New Leases

Specifications

Invest and Develop, Retail

1320 sqft

175000

Description

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