Property
Key information
Features and description
- Residential/commercial portfolio
- 22 self contained flats
- Freehold title
- 8 commercial units
- NIY 12.01% (based on asking price)
- Achieving approx. £223,269
Rooms
Location
The subject portfolio is well located along Borough Road, Middlesbrough. The portfolio is located along the central road through Middlesbrough linking the Town Centre to the A66. The portfolio has easy access to local amenities and transport links with the closest bus stop being a short walk away. The subject portfolio is nearby Teeside University Campus and is 40 miles south of Newcastle upon Tyne and 66 miles north of Leeds.
Accommodation
The subject portfolio comprises of 6 separate buildings with 22 flats with 8 commercial units.
Rateable Value
The adopted rateable value for No. 85 is £8,000, No. 89 is £5,500, No. 87 is £7,300, No. 89 is £5,800 No. 91 is £6,300, No. 112 £4,700 and No. 114 is £5,400 as of 1st April 2017.
Sourced from VOA.
Lease Details
We are advised the subject portfolio is fully let achieving an annual income of approx. £223,269. Rent schedule available upon request.
Tenure
Freehold. Title numbers:
No. 83 - CE32783
No. 85 - CE134527
No. 87 - CE178604
No. 89 - CE170942
No. 91 - CE136348
No. 112/114 - TES26282
No. 132-134 - CE155333
EPC
Available upon request (ratings C - D).
About this agent








