Summary - 44c, Borough Road TS1 5DW
3 bed 3 bath Terraced
**Standout Features:**
- Mixed-use property: Ground floor retail unit plus three self-contained one-bedroom apartments.
- Steady income potential: Retail unit leased at £1,000 PCM; apartments can generate an additional £1,650 PCM.
- Prime central location near the University of Teesside and major transport links.
- Equipped with double glazing and fast broadband.
**Concerns:**
- Short 8-year lease may limit mortgage options for potential buyers.
- Area generally classified as having very high crime rates and significant deprivation.
- Properties constructed in the early 20th century with timber frame and no insulation.
**Summary:**
This varied property on Borough Road in Middlesbrough offers an enticing mix of commercial and residential opportunities. The ground-floor retail unit, currently home to a beauty business, promises a steady income, while the three upper apartments all feature living rooms, kitchens, double bedrooms, and bathrooms, providing valuable rental potential. With a total estimated rental income of £32,000 per annum, this property is a solid investment for savvy buyers looking to capitalize on the growing urban center.
However, potential buyers should be aware of the property’s short lease, which could hinder financing. While the local area is experiencing growth due to developments like the nearby Marriott Hotel, it is important to note the relatively high crime rates and challenges related to neighborhood deprivation. This unique property is perfect for investors seeking a diverse income stream in a central location, yet it also presents future enhancement possibilities. Don’t miss out on this rare opportunity to own a versatile piece of Middlesbrough real estate!
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