Summary - Linthorpe Road, Middlesbrough, North Yorkshire, TS1 TS1 3RA
1 bed 1 bath Office
Mixed-use asset with immediate income and conversion potential for active buyers.
Freehold mixed-use on Linthorpe Road, prime town centre thoroughfare
A mixed-use freehold in a prime Linthorpe Road position, currently yielding £20,516 per year. The building combines a commercial ground floor and a four-bedroom upper flat let to a housing provider on a fully repairing and insuring (FRI) agreement until 2029. The town centre location benefits from imminent street works to reinstate parking and the large Gresham Regeneration scheme opposite, supporting longer-term rental demand.
The ground-floor office becomes vacant in April 2026 and is projected to let at around £12,000 per annum, offering an asset-management opportunity to secure immediate uplift. The upper flat brings in £10,516 with annual reviews; there is scope to reconfigure the apartment into a 4-bed student house to increase income given the close proximity to Teesside University and a student-focused neighbourhood.
Buyers should factor in maintenance and refurbishment: the property is described as unmaintained with Victorian fabric, low-to-standard ceilings and small internal areas. The plot is small and the premises suit compact commercial use or conversion-driven strategies rather than large-scale redevelopment.
Material considerations: the area records very high crime and very high deprivation indices, which will influence tenant types, insurance and management costs. Parking reinstatement is expected to help trade, but the ground floor will be vacant before any new tenancy income is secured. This is an investment for an active asset manager prepared to refurbish and reposition the building.
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