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Lot 4 - 429 Linthorpe Road, Middlesbrough, Cleveland, TS5 6HH

Guide Price* £160,000 +

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Property Type
Retail Property (out of town)
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • Freehold two floor terraced building
  • Arranged as a Lock-up Retail unit with Ancillary upper parts
  • Close to amenities and transport facilities.
  • Investment producing £13,200.00 per annum

Freehold two floor terraced building arranged as lock-up retail unit with ancillary upper parts – Investment producing £13,200.00 p.a.

Description

Freehold two floor terraced building arranged as a lock up retail unit with ancillary upper arts.

Location

The property is located in the popular Middlesbrough suburb of Linthorpe Village and is situated close to the junction with Benson Street within a retail parade serving a mixed residential and commercial catchment area. Public transport facilities include Middlesbrough railway station. Albert Park is also close by.

Accommodation

(Approximate dimensions)

First floor:
Three rooms, kitchen, wc.

Ground floor:
Reception Area, two rooms, kitchen, wc

Total internal area 37.95 sq.m (408 sq.ft)

Tenancy

The property is let to Teesside Tanning & Aesthetics Limited on a lease for a term of 7 years from 1/5/2021 at a rent of £13,200 per annum.

Total current rent received £13,200.00 per annum

EPC Rating

E

VAT

Please refer to the legal pack

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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