28 bed property for sale

Granville Road, Middlesbrough TS1

An substantial, refurbished building in central Middlesbrough providing an impressive investment opportunity.
The property benefits from three retail units to the ground floor which have long term tenants.
There is an impressive entrance area to the 28 student pods on the top three floor of the building. The reception area leads to a service area and has the benefit of a services lift to all top floors. Each floor has a fitted communal kitchen.
The property can be let out room by room but also has planning to be used as an air b & b.
This impressive building deserves early viewing to appreciate.
28 Student Rooms £600 pcm each = possible income £18,200 pcm
unit 1 is rented £1400 pcm
Unit 2 is rented £1200 pcm
Unit 3 is rented £1400 pcm
Total £22,200

Possible total £40,400 pcm

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional