Description
TENANTED INVESTMENT***FULL BUILDING over 4 floors TOWN CENTRE LOCATION fully let on a 10 year FRI Lease producing £45,000 per annum EXCELLENT TRADING POSITION.
Let to Luxury Leisure (t/a Admiral Casino) on a FRI Lease for a term of 10 years from 24.06.2021 Rent review every 5th year Reversion 2031 Rent £45,000 per annum
Basement 49.80 sq m 536 sq ft GF 116.82 sq m 1,257 sq ft 1st 108.88 sq m 1,172 sq ft 2nd 41.60 sq m 448 sq ft Subtotal 317.1 sq m 3,413 sq ft
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £45,000 PER ANNUM
EXCELLENT TOWN CENTRE LOCATION in the pedestrianised area. Occupiers close by include PDSA, Lloyds Bank, New Look, Boots, Scope & McDonald’s
TENANTED INVESTMENT***FULL BUILDING over 4 floors TOWN CENTRE LOCATION fully let on a 10 year FRI Lease producing £45,000 per annum EXCELLENT TRADING POSITION. Let to Luxury Leisure (t/a Admiral Casino) on a FRI Lease for a term of 10 years from 24.06.2021 Rent review every 5th year Reversion 2031 Rent £45,000 per annum Basement 49.80 sq m 536 sq ft GF 116.82 sq m 1,257 sq ft 1st 108.88 sq m 1,172 sq ft 2nd 41.60 sq m 448 sq ft Subtotal 317.1 sq m 3,413 sq ft PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £45,000 PER ANNUM EXCELLENT TOWN CENTRE LOCATION in the pedestrianised area. Occupiers close by include PDSA, Lloyds Bank, New Look, Boots, Scope & McDonald’s
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 10 Years
Rent: £45,000 per year / £3,750 per month
Yield: 11% (approx)
Tenant: Company
Notes: Let to Luxury Leisure (t/a Admiral Casino) on a FRI Lease for a term of 10 years from 24.06.2021 Rent review every 5th year Reversion 2031 Rent £45,000 per annum
Maps & Location
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Document Downloads
Pricing Information & Bidding
Opening Bid: £420,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 77Linthorpe Road, Middlesbrough, Cleveland