For Sale by Auction on 26th March 2025, Retail / Residential Investment, 48-58 Middle Street, Blackhall Colliery, TS27 4EA

For Sale by Auction on 26^th March 2025

A parade of what were originally six terraced buildings of traditonal construction beneath a pitched roof. The ground floor provides four separate retail units with two of the shops being double units. The first floor provides six self-contained flats arranged as 5x one bedroom flats and 1x two bedroom flat. The flats are arranged as a kitchen, living room, storage and bathroom/WC and are accessed from Park Avenue to the rear. Additonally there is an advertising hoarding on the flank wall of 56-58 Middle Street.

Location

Accommodation

48 Middle Street - Ground Floor - Retail - 71.82 sq m (773 sq ft)

48a Middle Street - First Floor - One bedroom flat - 40.26 sq m (433 sq ft)

50 Middle Street - Ground Floor - Retail - 71.10 sq m (765 sq ft)

50a Middle Street - First Floor - One bedroom flat - 56.00 sq m (603 sq ft)

52-54 Middle Street - Ground Floor - Retail - 142.80 sq m (1,537 sq ft)

52a Middle Street - First Floor - One bedroom flat - 56.00 sq m (603 sq ft)

54a Middle Street - First Floor - One bedroom flat - 59.00 sq m (635 sq ft)

56-58 Middle Street - Ground Floor - Retail - 164.00 sq m (1,765 sq ft)

56a Middle Street - First Floor - One bedroom flat - 57.00 sq m (613 sq ft)

58a Middle Street - First Floor - Two bedroom flat - 85.00 sq m (914 sq ft)

Terms

Tenure - Freehold

Guide Price - £480,000

Specification

• Freehold multi-let retail/residential investment
• Fully let
• Asset management opportunities
• Includes four retail units and six flats
• Established parade
• High yielding reflecting a gross initial yield of 12.89%
• Producing £61,870 per annum