COVID-19 – Important Auction Information
For Sale By Auction | 14:00, 03 November 2020 | Lot 3

59 & 65 Saltersgill Avenue, Middlesbrough, Cleveland, TS4 3LD

*Guide | £60,000 - £70,000 (plus fees)

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 0191 908 9691 for more information

Auction Date

Tue 03/11/2020

Auction Time

14:00

Auction Venue

ONLINE ONLINE,

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

Tenure

See Legal Pack

Viewings

Please call 01642 931060 for further information

Energy Efficiency Rating (EPC)

Current Rating 59-C & 65-F

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

Askews Solicitors, 92-94 Borough Road, Middlesbrough, TS1 2HJ, Ref: Laura Mitchell, Tel: 01642 475252

Additional Fees

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.