REF: 212169316

For Sale

Income Producing Investment For Sale, Corporation Road, Middlesbrough

Key Features

  • Excellent Investment Opportunity
  • 14% Net Yield
  • Prime Town Centre Location
  • Currently Occupied
  • Scope For Further Occupation
  • Priced Accordingly For A Quick Sale

Specifications

Invest and Develop

1500 sqft

225000

Description

Unit 2, Rede House, Corporation Rd, Middlesbrough TS1 1LY

Currently generating £2,800 per calendar month this property offers a fantastic return on investment for any buyer. The total annual income in this property is £33,600 - A gross return of 14.9 % on the price.

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

After service Charge the net return on investment is still 14% an above market average opportunity

The property currently has 3 tenants as follows.

Steam And Bean Coffee Shop - 5 year lease, dated April 2025 - £14,400 per annum

Hunter And Salvin - Rolling Yearly Agreement - £14,400 per annum

Treatment Room - 6 months licence - £4,800 Per Annum

All tenants share an entrance to the building through the coffee shop, they also have shared WC facilities. Tenants benefit from a town centre location with plenty of on street parking out front.

In Summary an excellent opportunity to acquire a property in the heart of Middlesbrough town centre which offers a superb yield for any investor.

For Sale - £225,000 - Fixed Price