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55 The Green

1,635 SF 100% Leased Retail Building Billingham TS23 1EW £295,000 (£180/SF) 14.38% Net Initial Yield

Storefront Properties Cleveland Billingham 55 The Green, Billingham, RCC TS23 1EW

Investment Highlights

  • A mixed use parade comprising three retail units and four self-contained flats
  • Freehold mixed use parade
  • Predominantly residential catchment area

Executive Summary

Comprising three retail units and four self-contained flats, the Gross Initial Yield of 14.3% on Guide with current rent of £42,420 per annum.
The subject property is in a well established parade and a predominantly residential catchment area.

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,635 SF
Building Class
B
Year Built
1960
Price
£295,000
Price Per SF
£180
Net Initial Yield
14.38%
NOI
£42,420
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Frontage
82 ft on West Road

Amenities

  • EPC - D

Links

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Nearby Major Retailers

Iceland
ALDI
ASDA
Tesco
Fultons Foods
Costa Coffee
Heron Foods
Natwest
Tesco Superstore
Barclays Bank
+44 20 7824 9089

  • Listing ID: 33294774

  • Date on Market: 25/09/2024

  • Last Updated:

  • Address: 55 The Green, Billingham TS23 1EW

The Retail Property at 55 The Green, Billingham, TS23 1EW is currently available For Sale. Contact Savills for more information.

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55 The Green
+44 20 7824 9089 x

55 The Green

Jeremy Lamb

+44 20 7824 9089

+44 20 7824 9089

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