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This property is no longer on the market

EPC

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Added > 14 days

Key information

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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
We are pleased to offer for sale this large mixed residential and commercial portfolio. The portfolio comprises of 22 flats with 8 commercial units. 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.

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).

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About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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