Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to a local barbers and fronting a pedestrianised street.
Arranged across ground and first floors, the property is fully let to a Private Inidividual on a 10 year lease expiring 16.04.2034 and paying £13,000 per annum.
The property forms part of a popular local parade and benefits from a prominent frontage to the pedestrianised Gilkes Street. The street is immediately adjacent to the prime Linthorpe Road and therefore forms part of the principal retail amenity in Central Middlesbrough.
Tenure
Freehold
Tenancy
The property is let to a private individual trading as a Barbers on a 10 year lease expiring 16.04.2034 and paying £13,000 per annum.
The lease is on full repairing and insuring terms and includes a tenants break option in 2026 with an open market rent review in 2029.
We understand the tenant is looking to assign the lease, and therefore the property may benefit from asset management potential, with the adjacent 9 Gilkes Street paying £15,000 per annum.