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63-75 Corporation Rd - Rede House

1,320 SF Retail Unit Offered at £175,000 in Middlesbrough TS1 1LY

Storefront Properties Cleveland Middlesbrough 63-75 Corporation Rd, Middlesbrough, RCC TS1 1LY

Investment Highlights

  • Prominent Location
  • Good Transport Links
  • Close to local amenities

Executive Summary

The property is prominently situated on Corporation Road adjacent to Albert Road in Middlesbrough town centre. The location lies adjacent to the A66 providing swift access across the region and all town centre amenities are within convenient walking distance. The general location is currently undergoing considerable regeneration with recent openings including Bistrot Pierre, Turtle Bay and Lane 7 all within close proximity.

Property Facts

Price £175,000 Sale Type Investment
Unit Size 1,320 SF Building Class C
No. Units 1 Number of Floors 7
Total Building Size 2,820 SF Typical Floor Size 2,820 SF
Property Type Retail (Unit) Year Built 1966
Property Subtype Storefront Lot Size 0.55 AC
Price £175,000
Unit Size 1,320 SF
No. Units 1
Total Building Size 2,820 SF
Property Type Retail (Unit)
Property Subtype Storefront
Sale Type Investment
Building Class C
Number of Floors 7
Typical Floor Size 2,820 SF
Year Built 1966
Lot Size 0.55 AC

1 Unit Available

Unit 2

Unit Size 1,320 SF Sale Type Investment
Price £175,000 Tenure Long Leasehold
Price Per SF £132.58 Net Initial Yield 13.70%
Unit Use Retail NOI £23,975
Unit Size 1,320 SF
Price £175,000
Price Per SF £132.58
Unit Use Retail
Sale Type Investment
Tenure Long Leasehold
Net Initial Yield 13.70%
NOI £23,975
Description

Both units share an entrance into the building from the coffee shop on the right hand side, alongside this both units also share WC facilities.

Sale Notes

For Sale - £175,000 - Fixed Price

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Amenities

  • EPC - C

Nearby Major Retailers

Londis
Nando's
Lidl
Heron Foods
Caffe Nero
Esquires
Lloyds Bank
YMCA
ASDA
Barclays
+44 1642 987987

  • Listing ID: 32376571

  • Date on Market: 08/07/2024

  • Last Updated:

  • Address: 63-75 Corporation Rd, Middlesbrough TS1 1LY

The Retail Property at 63-75 Corporation Rd, Middlesbrough, TS1 1LY is currently available For Sale. Contact Parker Barras for more information.

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63-75 Corporation Rd - Rede House
+44 1642 987987 x

63-75 Corporation Rd - Rede House

Jack Taylor

+44 1642 987987

+44 1642 987987

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