Home > Auctions > 5 & 6 November 2025 05 November 2025 - 9:30am > Lot 130

5 & 6 November 2025: Wednesday 05 November 2025 - 9:30am
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    Key features

    • To be offered on Wednesday 5 November
    • High Yielding Mixed Use Investment
    • Three retail units and office space to the upper parts
    • Multi-let to eight tenants including Tesco and Ladbrokes
    • 73% of the total income is secured against Creditsafe 'very low risk' rated tenants
    • WAULT of c. 5.59 Years
    • Fully refurbished, award winning building
    • 36,271 sq ft (3,369 sqm)
    • Located on the principle retail thoroughfare in Middlesbrough
    • Located opposite Teesside University main campus
    • The property is elected for VAT
    • Investment Let at £330,121.52 p.a. (11.58% GIY on guide price)

    Description

    A high yielding fully let mixed use investment comprising 36,271 sq ft (3,369 sqm) of retail and office space arranged over 4 floors. The property is fully let producing £330,121.52 (11.58% GIY) on guide price. 73% of the total income is secured against Creditsafe 'very low risk' rated tenants, including Tesco and Ladbrokes. The property benefits from being fully refurbished and a secure underground car park comprising 37 parking spaces. The property has also won 'The best building of any Category ' award at the Evening Gazette Awards 2018.

    The property occupies a prominent position on Linthorpe Road- the principle retail and leisure thoroughfare in Middlesbrough. The prime shopping centre in Middlesbrough is located 0.3 miles from the property , where occupiers include, Card Factory, Greggs, Next and Primark. In addition, Teesside University's Main campus is located directly opposite the property .


    The building is subject to a service charge and all costs are borne by the service charge including a management fee that can used by a prospective incoming purchaser to cover the cost of managing the building , or to appoint a property management company to this effect. Please refer to the legal pack , where a copy of the service charge can be found.

    Additional information

    Tenure

    Freehold

    Rent

    £330,121.52

    Notes

    We understand the property is elected for VAT. We understand the property can be treated as a Transfer of a Going Concern (TOGC).Please refer to the legal pack.

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

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        Accommodation / Tenancy Schedule

        Local information

        The property is located in Middlesbrough Town Centre on Linthorpe Road, and the junction with St Aidans Street,and Clifton Street. Linthorpe Road, is the main retail thoroughfare in Middlesbrough and provides the town with the majority of its lesiure , retail and restaurant amenity . In addition, it is the home of Middlesbrough University's main campus, located directly opposite the subject property .


        The property benefits from being located 0.8 Miles from Middlesbrough Rail station providing direct access to London,Manchester and York. By road the property is well located from access to the A66, and A1M

        Transport

        Middlesbrough Rail Station - 0.8 Miles

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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