83 - 85 Borough Road, Middlesbrough, North East, TS1 3AA

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83 - 85 Borough Road, Middlesbrough, North East, TS1 3AA

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Agent's Details

Jamie Sim

T: 07940 951 776

Simon Beanland

T: 07885 459270

For Sale £430,000 offers in the region of

TOWN CENTRE RETAIL/RESIDENTIAL INVESTMENT OPPORTUNITY

Mixed-use investment in Middlesbrough town centre.

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.

We are instructed to seek offers in the region of £430,000 (Four Hundred and Thirty Thousand Pounds) exclusive of VAT, reflecting an attractive Gross Yield of 14.23% and a Net Initial Yield of 11.29% after purchaser's costs of 4.26%.