Substantial town‑centre asset with retail frontage and refurbished offices.
Large mixed‑use footprint: 5,221 sqft across three floors
This three‑storey mid‑terrace building on Albert Road offers a large mixed‑use footprint ideal for an investor or owner-occupier seeking town‑centre presence. The ground floor is set up as a bar/retail unit with large display glazing and separate street access; first and second floors provide open‑plan office suites across two levels, recently refurbished and ready for immediate occupation.
Location is a principal Middlesbrough thoroughfare close to the train station, bus stops and principal shopping areas, with good road links to the A66/A19. Broadband and mobile signal are strong and there is off‑street parking nearby, supporting commercial occupiers and footfall from surrounding shops, leisure and civic facilities.
Practical considerations are clear: the property is offered freehold at £400,000 plus VAT, with an EPC rating of D (78) and multiple rateable value entries that will affect business rates. The area is classified as very deprived with very high recorded crime levels—factors that will influence tenant mix, security costs and rental tone.
Overall this is a substantial, newly‑renovated town‑centre asset suited to buyers targeting central retail/Leisure income or flexible office use. It presents immediate income potential from the retail/bar unit and flexible office accommodation above, but buyers should budget for security measures, active asset management and VAT/business‑rate liabilities.
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