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For Sale by Auction on 21st November 2024, Mixed Use / Retail / Residential, 34-36 Borough Road, Middlesbrough, TS1 5DW

3,395 Sq Ft / Retail / Mixed Use

For Sale - £360,000.00

Available - Last updated: 14 November 2024

For Sale by Auction on 21st November 2024

A mid-terraced building of traditonal construction beneath a pitched roof totalling approximately 315.50 sq m (3,395 sq ft). The building is arranged as two ground floor commercial/retail units with five flats on the ground, first and second floors. Planning permission has been granted for the conversion of the upper floors to eight student units (refer to Planning Details).

Location

Middlesbrough is a port town lying approximately 40 miles south of Newcastle upon Tyne and 26 miles south east of Durham. It can be accessed via the A66, A19 and A172 with the A6 linking to the A1(M) at junction 58 to the west. Middlesbrough railway station lies within a short walking distance of the property and provides regional rail links as well as regular direct services to Manchester Piccadilly, Leeds, Manchester Airport and London Kings Cross. Additionally numerous bus routes serve the area and Teesdie International Airport lies approximately 10 miles to the south west of the town.

Borough Road is one of the main thoroughfares in the town centre with the property lying on its north side near the junction with Fairbridge Street. The property lies less than 0.1 miles from Teeside University, which has approximately 22,500 students, 50% of whom live 'off campus'. The surrounding area provides a mix of retail, leisure, office and residential uses.

Accommodation

34 Borough Road

Ground Floor - Retail - 27.0 sq m (291 sq ft)

36 Borough Road

Ground Floor - Retail - 71.0 sq m (764 sq ft)

First Floor - Ancillary/storage - 32.5 sq m (350 sq ft)

Flat 1 - Ground Floor - Residential - 31.0 sq m (334 sq ft)

Flat 2 - First Floor - Residential - 39.1 sq m (421 sq ft)

Flat 3 - First Floor - Residential - 31.9 sq m (343 sq ft)

Flat 4 - Second Floor - Residential - 41.5 sq m (446 sq ft)

Flat 5 - Second Floor - Residential - 41.5 sq m (446 sq ft)

Total - 315.5 sq m (3,395 sq ft)

Terms

Tenure - Freehold

Guide Price - £360,000

Specification

  • Freehold mixed use development opportunity
  • Arranged as two retail units and five flats
  • Planning permission for two commercial units and eight student flats
  • Approximately 315.50 sq m (3,395 sq ft)
  • Prominent town centre location
  • Within 5 minutes' walk of Teeside University (approximately 22,500 students)
  • Vacant possession 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £360,000.00 NA

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Contact agents

Agency Team

BidX1 Commercial

020 3151 9502

Simon Bailey

BidX1 Commercial

020 3151 9486

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