Summary - 65, STATION ROAD TS23 1AE
1 bed 1 bath Retail Property (high street)
Auction lot with immediate rental upside and flexible re‑use potential.
Freehold mixed‑use high street property with retail and first‑floor flat
A freehold, mixed‑use high street investment positioned on Station Road in Billingham, offered for sale at auction. The ground floor retail unit is let to a florist on full repairing and insuring terms producing £7,200 pa; the first‑floor flat (two bedrooms) is currently vacant and presents immediate re‑letting or owner‑occupier potential.
Income can be enhanced: the property previously achieved £12,000 pa and there is a large rear garage/storage area that could be made usable and let separately once the fixed door is addressed. The shop is double‑fronted with an electric roller shutter and basic back‑of‑house facilities including a kitchen area and walk‑in storage.
Practical considerations are straightforward and candid. The rear garage door is fixed in place and not currently accessible as a garage; using it will require alteration. The parade is busy with local traders and good road links — the A19 is under a mile away — but the immediate area records higher crime levels, which may affect retail footfall or insurance costs.
This is an attractively priced auction lot for an investor or small portfolio buyer prepared to re‑let the vacant flat, restore the garage access, and pursue modest rental growth in a well‑served neighbourhood parade.
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