Summary - 44c, Borough Road TS1 5DW
3 bed 3 bath Commercial Property
**Standout Features:**
- **Rental Value:** £32,000 per annum, with current commercial and residential tenants.
- **Location:** Centrally positioned near the upcoming Marriott Hotel and within walking distance to the University of Teesside.
- **Configuration:** Ground floor retail space (currently let to a beauty business with an 8-year lease) plus three self-contained one-bedroom apartments.
- **Connectivity:** Excellent transport links including A19 & A66, and close proximity to major shopping and leisure amenities.
- **Potential:** Opportunities for future renovations or enhancements.
**Concise Summary:**
Discover a versatile commercial and residential property on Borough Road, Middlesbrough, ideally suited for savvy investors. This mid-terrace building offers a stable rental income with a prominent ground floor retail space leased to a beauty business, alongside three self-contained one-bedroom apartments each equipped with essentials. With a total size of 453 square feet, and still positioned near key amenities including the University of Teesside, this property enjoys strategic access to major transport routes.
While the location boasts vibrant urban amenities, it's essential to note that the property includes an aging structure potentially requiring maintenance due to a lack of insulation and dated exterior features. Furthermore, the remaining lease of eight years might pose challenges in securing mortgage lending. Still, the potential for development and enhancement in a rapidly developing area makes this an attractive investment opportunity. The mix of commercial and residential spaces signifies a diverse income stream, perfect for those looking to capitalize on Middlesbrough’s evolving landscape—act quickly, as opportunities like these don’t last long!
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