Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to an established local newsagent and fronting a pedestrianised street.
Arranged across ground and first floors, the property is let to a private individual trading as a newsagents on a five year lease which expired 31.01.2024. The tenant is therefore holding over and we understand they are continuing to pay the rent of £15,000 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 newsagents on a five year lease which expired 31.01.2024. The tenant is therefore holding over and we understand they are continuing to pay the rent of £15,000 per annum.
Rent