Summary - 50 - 52 BOROUGH ROAD MIDDLESBROUGH TS1 5DW
1 bed 1 bath Restaurant
Long-established restaurant with steady rental income and freehold potential.
- Freehold restaurant building, prominent Victorian corner position
- 2,042 sq ft of trading and ancillary space
- Tenant in place paying £15,000 pa on FRI lease
- Trading as same restaurant for over 15 years
- Asking price £185,000; gross yield approximately 8.1% (verify)
- Small plot with limited scope for physical expansion
- Located in very deprived area with very high crime rates
- Flats above; check responsibilities and service obligations
A rare freehold opportunity in Middlesbrough town centre, this Victorian corner property houses a long-established Lebanese restaurant trading for over 15 years. The restaurant plus ancillary space totals 2,042 sq ft across a prominent corner plot with flats above, offering immediate rental income and hands-off ownership under a full repairing and insuring lease.
The tenant currently pays £15,000 per year, which equates to a gross return of around 8.1% at the asking price of £185,000 (buyer to verify). The building combines period character at street level with a modern glazed frontage and open-plan restaurant layout; excellent mobile signal and fast broadband help support modern hospitality operations.
Buyers should factor in the location profile: the property sits in a very deprived neighbourhood with very high recorded crime and broad urban cultural mix. The plot is small and opportunities for physical expansion are limited; any purchaser should verify lease terms, tenure paperwork, and service obligations prior to offer.
This is primarily an investor proposition for those seeking immediate rental income and potential future reversion or repositioning. The commercial, freehold asset suits a buyer comfortable with town-centre trading dynamics and the practical realities of maintenance, tenant management, and local market challenges.
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