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47 Newport Rd

1,491 SF Retail Building Middlesbrough TS1 1LB $181,509 ($121.74/SF)

INVESTMENT HIGHLIGHTS

  • Prime Location
  • Close to all amenities
  • Over 3 floors

EXECUTIVE SUMMARY

The property trades at Chintz hair salon and has had the same tenant since 1982. A new 5 year lease dated July 2024 at a rental of £12,000 per annum.
The property is a mid terraced unit across 3 floors. The ground floor is the hair salon, with the first floor used as offices and stores, the 2nd floor is storage.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
1,491 SF
Building Class
B
Year Built
1960
Price
$181,509
Price Per SF
$121.74
Tenancy
Single
Building Height
3 Stories
Frontage
15’ on Newport Road

AMENITIES

  • Energy Performance Rating - D
  • Storage Space

NEARBY MAJOR RETAILERS

German Doner Kebab
Lloyds Bank
YMCA
Barclays
Costa Coffee
Iceland
NatWest
Starbucks
ASDA
Turtle Bay
  • Listing ID: 32929228

  • Date on Market: 8/23/2024

  • Last Updated:

  • Address: 47 Newport Rd, Middlesbrough TS1 1LB

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