288-290 Acklam Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
288-290 Acklam Rd
3,982 SF Retail Building Middlesbrough TS5 8DL $1,726,282 CAD ($434 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Well positioned commercial unit with 6 residential flats
- Strong passing trade and footfall from surrounding busiinesses
- Prominent position on Acklam Road
Executive Summary
Freehold convenience store and residential investment opportunity.
Offers in excess of £950,000 (Nine-hundred and fifty-thousand) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 7.5%, assuming purchaser's costs of 5.39%.
A rare opportunity to acquire a well positioned commercial unit along with 6 residential flats in a densely populated Middlesbrough suburb.
The commercial element is let at a rent of £40,000 per annum with a 14.25 years to lease expiry, and 9.25 years to break.
Offers in excess of £950,000 (Nine-hundred and fifty-thousand) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 7.5%, assuming purchaser's costs of 5.39%.
A rare opportunity to acquire a well positioned commercial unit along with 6 residential flats in a densely populated Middlesbrough suburb.
The commercial element is let at a rent of £40,000 per annum with a 14.25 years to lease expiry, and 9.25 years to break.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,982 SF
Building Class
B
Year Built
2009
Price
$1,726,282 CAD
Price Per SF
$434 CAD
Cap Rate
7.50%
NOI
$129,471 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.29
Lot Size
0.31 AC
Frontage
117 ft on Acklam Road
1 of 1
Nearby Major Retailers
Contacts
-
Aidan Baker -
Aleksander Roszczyniala -
Jessica Venters -
BNP Paribas Real Estate UK
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
288-290 Acklam Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.