SUPERB INVESTMENT OPPORTUNITY – TENANTED COMMERCIAL UNIT OFFERING FANTASTIC YIELD INCOME
Freehold building consisting of ground floor Commercial unit (59)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 (65) which has been previously sold off on a long lease under a peppercorn rent return. This truly is 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
See Legal Pack
Please call 01642 931060 for further information
Energy Efficiency Rating (EPC)
Current Rating 59-C & 65-F
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Askews Solicitors, 92-94 Borough Road, Middlesbrough, TS1 2HJ, Ref: Laura Mitchell, Tel: 01642 475252
Buyer's Premium - £600 inc VAT payable on exchange of contracts.
Administration Charge - £1200 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.