Call the team on 0191 908 9691 for more information
SUPERB INVESTMENT OPPORTUNITY – TENANTED COMMERCIAL UNIT OFFERING FANTASTIC YIELD INCOME
Freehold building consisting of ground floor Commercial unit currently under a 10 year lease renewal from December 2019 with a guaranteed rent of £17,000 for the first two years. Also included in the freehold is a first floor flat which has been previously sold off on a long lease under a peppercorn rent return. This truly s a fantastic opportunity so please refer to Legal pack for further guidance. Rare to the market and with great returns, this property should not be overlooked. The current tenants in the commercial unit have been in situ since 2009 and have signed a new lease renewal in December 2019 for ten years which guarantees the rent on the commercial unit at £17,000 for two years from this date. The first floor flat has previously been leased under a 99 year peppercorn rent and we urge all interested parties to refer to the legal pack for guidance on such matters. With this extraordinary guide price for what is on offer, we anticipate a high number of interested parties so request you call us immediately further information
Tenure
See Legal Pack
Viewings
Please call 01642 931060 for further information
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Middlesbrough Council
Solicitors
Beaty & Co, 1 Victoria Place, High Street, Wigton, CA7 9PJ, Ref: Abbie White, Tel: 016973 42121
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - £900 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.