Summary - 2 King's Road,MIDDLESBROUGH,TS3 6NF TS3 6HR
2 bed 1 bath Retail Property (high street)
**Key Features:**
- Fully tenanted high street retail property
- Prime corner plot in a busy location
- Total annual rental income: £16,680
- High return of 9.3%
- Proximity to main shopping centers and a range of local amenities
- On-site off-street parking
- Multiple lease agreements in place with varying terms
**Property Summary:**
Discover a promising investment opportunity with this fully tenanted retail property located at 34 Market Place and 2 Kings Road in Middlesbrough. This strategically positioned corner plot boasts high visibility and access from both bustling Market Place and Kings Road, making it an attractive choice for potential tenants and their customers alike. With a total of 1,851 sq ft of prime retail space and an impressive yield of 9.3%, this property enhances your portfolio with a diverse array of tenants, generating an annual rental income of £16,680.
While currently under lease agreements—two lasting several years and one on a month-to-month basis—there are considerations for future buyers. Mortgage lending may be challenging due to the remaining lease terms, and the area is characterized by high crime rates and socioeconomic challenges. However, with excellent mobile signal and average broadband speeds, there's room for operational improvements.
Located within 250 meters of essential amenities such as retail shops, healthcare facilities, and public transport, this property meets the demands of both business tenants and their clientele. Ideal for investors looking for high returns and potential future upgrades, this opportunity at £169,000 offers both immediate income and the chance to build a robust investment in a developing neighborhood. Act quickly—prime investment opportunities like this in high-traffic areas don't come around often!
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