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100 Borough Rd 1,561 SF 100% Leased Retail Building Middlesbrough TS1 2HJ $258,047 CAD ($165.31 CAD/SF)
INVESTMENT HIGHLIGHTS
- Qualifies for small business rates relief
- Parking for two vehicles
- Suitable for redevelopment STP
EXECUTIVE SUMMARY
The property comprises a two and a half storey mid-terraced building of traditional brick construction that provides office accommodation and staff amenities over ground and first floors together with second floor store areas. The building benefits from parking to the rear for two vehicles and rear access.
The premises have been occupied for a number of years by Newbys Solicitors and are suitable for a variety of uses subject to the necessary planning consents. The building lends itself to residential conversion given it’s close proximity to Teesside University.
The premises have been occupied for a number of years by Newbys Solicitors and are suitable for a variety of uses subject to the necessary planning consents. The building lends itself to residential conversion given it’s close proximity to Teesside University.
PROPERTY FACTS Sale Pending
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,561 SF
Building Class
C
Year Built
1950
Price
$258,047 CAD
Price Per SF
$165.31 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.04 AC
Frontage
25’ on Borough Road
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NEARBY MAJOR RETAILERS
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100 Borough Rd
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