£70,000

Retail premises for sale

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Sold STC
Auction

Guide price

£70,000

Retail premises for sale

Mosman Terrace, North Ormesby, Middlesbrough TS3

Local area information

Property location

Nearby amenities

  • St Alphonsus' RC Primary School 0.1 miles
  • North Ormesby Primary Academy 0.2 miles
  • James Cook University Hospital 1.2 miles
  • Middlesbrough 1.2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Ground Floor Salon
  • Residential Flat Above
  • Investment Opportunity
  • For Sale By Secure Sale - Terms & Conditions Apply
  • Potential tenants would pay their own bills
  • Return achievable at asking price would be 14.25%
  • Virtual Tour Available Upon Request
Summary

*For sale via secure sale online bidding: Terms and conditions apply.*

We are pleased to offer to auction this hair salon which consists of a large open plan space followed by a kitchen, utility room & WC. The salons expected rent per calendar month is 600.

The upstairs flat comprises of a living room, kitchen, bathroom & one double bedroom. The potential tenants would pay their own bills as a residential let giving you an income of 350 per calendar month.

The return achievable at asking price would be 14.25%. This could increase based on renovation works being carried out to both the salon and flat to a higher standard.

This property would be great for a flip project or added into a portfolio.

Please note we have not inspected this property.

Location

The subject property is located along Mosman Terrace, close to the heart of Middlesborough Town Centre. Sunderland City Centre is located approximately 30 miles away from this property.

Accommodation

The ground floor currently comprises of a hair salon which consists of a large open plan space followed by a kitchen, utility room & WC.

The upstairs flat comprises of a living room, kitchen, bathroom & one double bedroom.

Measurements

Salon 23'8" x 14'2" (7.21m x 4.32m), Salon Kitchen 12'4" x 9'6" (3.76m x 2.9m), Salon Store Room, Salon Toilet, Flat Living Room 14' x 10'7" (4.27m x 3.23m), Bedroom 11'5" x 8'9" (3.48m x 2.67m), Kitchen 9'7" x 2.32 (2.92m x 2.32), Bathroom 7'2" x 4'7" (2.18m x 1.4m).

Tenure

Freehold. Title number CE45604.

Lease Details

The salons expected rent per calendar month is 600.

The potential tenants would pay their own bills as a residential let giving you an income of 350 per calendar month.

The return achievable at asking price would be 14.25%. This could increase based on renovation works being carried out to both the salon and flat to a higher standard.

Rateable Value

The current rateable value is 2,475 (1 April 2023 to present).

Sourced from voa.

EPC

Available Upon Request (Rating C).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

There are some planning applications within 0.5 miles of this home

Blurred out There are some planning applications within 0.5 miles of this home information

Assess how they might enhance or detract from this home’s value.

Floor plans and tours

Floor plans (1)

Floor plan 1

Tours (1)

1 virtual tour available

Step inside the property with a virtual tour or video walkthrough.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Pattinson - Commercial. Zoopla 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 Pattinson - Commercial for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. North Yorkshire
  4. Teesside
  5. Middlesbrough
  6. North Ormesby
  7. Mosman Terrace

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