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Tenanted commercial investment property

Middlesbrough, TS1 - Get Access

Description

This prime tenanted commercial investment property comprises a full building arranged over four floors, occupying an excellent town centre trading position within a pedestrianised area. The property is fully let on a 10-year Full Repairing and Insuring (FRI) lease to Luxury Leisure (trading as Admiral Casino) from 24 June 2021, producing a rental income of £45,000 per annum. The lease features a rent review every fifth year and a reversion date in 2031. The accommodation provides a basement measuring 49.80 sq m (536 sq ft), a ground floor of 116.82 sq m (1,257 sq ft), a first floor of 108.88 sq m (1,172 sq ft), and a second floor of 41.60 sq m (448 sq ft), giving a total subtotal area of 317.1 sq m (3,413 sq ft). Located in a high-footfall position, nearby occupiers include the PDSA, Lloyds Bank, New Look, Boots, Scope, and McDonald's. This property represents a perfect addition to any investment portfolio.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 3,413 sq ft (Listing)

This four-storey commercial investment property on a pedestrianised high street was valued using an income capitalisation approach. Given the secure 10-year FRI lease producing £45,000 per annum to an established gaming operator, the valuation reflects prevailing commercial yields for town centre retail assets. Condition was assessed as good overall with minor shopfront updating required. Floor area of 3,413 sq ft was sourced from the property listing details.

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