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65 Station Rd 1,000 SF 100% Leased Retail Building Billingham TS23 1AE $173,509 ($173.51/SF)



INVESTMENT HIGHLIGHTS
- Ground floor retail unit fully leased
- A19 less than a mile away
- Electric roller shutter
EXECUTIVE SUMMARY
Freehold tenanted investment opportunity available for sale. The mixed use premises are situated on a popular neighbourhood parade of shops in Billingham on the south side of Station Road.
The ground floor retail unit is currently leased to a florist on fully repairing and insuring terms at £7,200 per annum. The premises briefly comprise of a double fronted unit with electric roller shutter. Open plan retail space with storage cupboards. Kitchen area with plumbing for an automatic washer and walk in storage.
The first floor is accommodation is accessed from the rear of the property and comprises of of 2 bedroom accommodation which is currently vacant.
The property also benefits from a large garage space to the rear of the property; although this space is not currently accessible for use as a garage, as the door is fixed in place, it offers a large storage space which could be rented in addition to the shop tenant's space, or for private use.
Neighbouring occupiers include Newsagents, off-licence and general store, fish and chip shop, cafes, barbers, hairdressers and cafe, coffee shop, vets, funeral parlour and bridal and prom specialist retailer. The A19 is less than a mile to the west of the premises and provides excellent access to the local region.
Total income of £7,200 pa.
The ground floor retail unit is currently leased to a florist on fully repairing and insuring terms at £7,200 per annum. The premises briefly comprise of a double fronted unit with electric roller shutter. Open plan retail space with storage cupboards. Kitchen area with plumbing for an automatic washer and walk in storage.
The first floor is accommodation is accessed from the rear of the property and comprises of of 2 bedroom accommodation which is currently vacant.
The property also benefits from a large garage space to the rear of the property; although this space is not currently accessible for use as a garage, as the door is fixed in place, it offers a large storage space which could be rented in addition to the shop tenant's space, or for private use.
Neighbouring occupiers include Newsagents, off-licence and general store, fish and chip shop, cafes, barbers, hairdressers and cafe, coffee shop, vets, funeral parlour and bridal and prom specialist retailer. The A19 is less than a mile to the west of the premises and provides excellent access to the local region.
Total income of £7,200 pa.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,000 SF
Year Built
1990
Price
$173,509
Price Per SF
$173.51
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.77
Lot Size
0.03 AC
Frontage
15’ on Station Road
1 1
NEARBY MAJOR RETAILERS
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65 Station Rd
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