£225,000
(£150.00/sq. ft)
Restaurant for saleCorporation Road, Middlesbrough TS1
1,500 sq. ft
About this property
Excellent Investment Opportunity
14% Net Yield
Prime Town Centre Location
Currently Occupied
Scope For Further Occupation
Priced Accordingly For A Quick Sale
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
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
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