ONE FOR ALL YOU COMMERCIAL INVESTORS ALREADY PRODUCING A RENT FROM THE CAFE WITH POTENTIAL TO FURTHER THE INCOME FROM ADDITIONAL UNITS

The property has 2 x retail/food units to the front and an additional unit to the rear. A single tenant is using the full front of the building for their Cafe business (established for 10 years). This tenant is paying £600 pcm / £7,200 pa. Rented out as a Cafe, with a fully fitted kitchen, storage areas and 2 toilets. Front Retail- 1,200sqft The rear storage was occupied until just recently by a tenant paying £350 pcm / £4,200 pa and was used as joiner's workshop and store. Rear Storage – 19.59 / 210sqft Based upon the bottom end of the guide price, this property is currently yielding of 7.2% but with the possibility of further producing income from other units, meaning realistice returns of over 10% in yield. The property is located on Sotherby Road, which is a main through route of Skippers Lane Industrial Estate. Surrounded by many national retailers, including Screwfix, HSS Hire and many more, the property benefits from a large passing trade. Skippers Lane Industrial Estate is very close to the A66 East and West carriageways. All viewings must be accompanied by Auction House North East We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding. Come auction day (23rd May), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 28 days later. You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on 01642 931060. Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms and documentation has been received at teesvalley@auctiohouse.co.uk. for any further assistance, please do not hesitate to contact us in the office.

Tenure

Freehold

Front Retail

The property has 2 x retail/food units to the front and an additional unit to the rear A single tenant is using the full front of the building for their Cafe business (established for 10 years). This tenant is paying £600 pcm / £7,200 pa. Rented out as a Cafe, with a fully fitted kitchen, storage areas and 2 toilets.

Rear Storage

The rear storage is currently occupied by a tenant paying £350 pcm / £4,200 pa (1 year Lease)

Viewings

Please call Auction House North East on 010642 931060 to arrange a viewing

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Middlesbrough Council

Solicitors

HNW Law, Suite 17, Ref: HNW Law, Tel: 01642 050800

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.