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9-11 Oxford Rd

under offer

Shop for sale

£250,000 3,261 sq ft

Thomas Stevenson
Status
Under offer
Contact name

Paul Stevenson - Thomas Stevenson

Full address
9-11 Oxford Rd, Middlesbrough TS5 5DY – Middlesbrough
Highlights
  • The property is located in the wealthy suburb of Linthorpe south of Middlesbrough Town Centre
  • Nearby occupiers include Tesco, Subway and Artisan
Property type

Shop for sale

Asking price
£250,000
Available space range
There is 1 space available. This measures 3,261 sq ft.
Features
Security system, Energy Performance Rating - D

Sale details

Sale unit 4056004 Under offer

3,261 sq ft, £76.66 per sq ft

Unit Sale unit 4056004
Address 9-11 Oxford Rd, Middlesbrough, Cleveland, TS5 5DY, GB
Size 3,261 sq ft
Price £250,000
Price per unit £76.66 per sq ft
Unit Sale unit 4056004
Address 9-11 Oxford Rd, Middlesbrough, Cleveland, TS5 5DY, GB
Size 3,261 sq ft
Price £250,000
Price per unit £76.66 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 9%
Financial type Actual
Financial year 2018
Net operating income £22,500

Sale notes

  • The bridal shop is let to elisabeth george bridal on a 10 year lease from 21st november 2011 due to expire on 20th november 2021. the current rent passing is £12,250. the lease is on a normal fr& i basis.
  • The hair salon is let to mich boutique a 2 year lease from 1st november 2018 due to expire on 31st october 2020. the current rent passing is £5,500. the lease is on a normal fr& i basis.
  • The flat is let on an assured shorthold tenancy at an annual rental of £6,000 pa.
  • Total rental income £23,750 pa.

Property description

The building comprises of two mid terraced properties that provide for a Bridal Shop that trades at ground and first floor level, whilst the adjacent property has a ground floor Hair Salon with an upper floor 3 bedroom flat. There are four parking spaces available at the front of the premises for customers.

Building subtype
Storefront retail residential
Number of storeys
2
Rentable building area
3,261 sq ft
Year built
1904

This shop for sale is located in Middlesbrough.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Thomas Stevenson. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Thomas Stevenson for full details and further information.