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288-290 Acklam Rd

3,982 SF Retail Building Middlesbrough TS5 8DL £950,000 (£239/SF) 7.50% Net Initial Yield

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Investment Highlights

Well positioned commercial unit with 6 residential flats
Strong passing trade and footfall from surrounding busiinesses

Prominent position on Acklam Road

Executive Summary

Freehold convenience store and residential investment opportunity.
Offers in excess of £950,000 (Nine-hundred and fifty-thousand) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 7.5%, assuming purchaser's costs of 5.39%.
A rare opportunity to acquire a well positioned commercial unit along with 6 residential flats in a densely populated Middlesbrough suburb.
The commercial element is let at a rent of £40,000 per annum with a 14.25 years to lease expiry, and 9.25 years to break.

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