83-85 Borough Rd | Middlesbrough TS1 3AA
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83-85 Borough Rd
Middlesbrough TS1 3AA
Retail Property For Sale
Executive Summary
Prominently located on Borough Road and by the entrance to Teesside University.
Middlesbrough and the wider Teesside area are undergoing transformational levels of investment and development.
£275 million is being invested into the University, providing modern and vibrant facilities to enhance the student experience.
Two ground floor retail units with six apartments comprising 11 beds.
Excellent occupational history.
Current gross income of £58,882 and a Net Operating Income of £49,032 per annum.
Middlesbrough and the wider Teesside area are undergoing transformational levels of investment and development.
£275 million is being invested into the University, providing modern and vibrant facilities to enhance the student experience.
Two ground floor retail units with six apartments comprising 11 beds.
Excellent occupational history.
Current gross income of £58,882 and a Net Operating Income of £49,032 per annum.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
4,612 SF
Building Class
C
Year Built
1891
Price
£430,000
Price Per SF
£93
Net Initial Yield
11.29%
NOI
£48,547
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Amenities
- 24 Hour Access
1 of 3
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