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2 bed property
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Our Summary
- Freehold Mixed Use Investment | George Street, Thornaby | 16% Potential Gross Yield Purchase Price: £75,000 Total Potential Income: £1,000 PCM | £12,000 PA If you are looking for a versatile freehold asset that offers massive scope to build a highly profitable dual stream business, this mixed use property on George Street in Thornaby is a cracking opportunity
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Description
The property is a freehold mixed-use building on George Street in Thornaby, offering a sprawling ground-floor commercial space and a self-contained two-bedroom residential flat above. The commercial unit features robust roller shutters, a built-in kitchen, storage, and a cloakroom WC, and has been priced for potential rent at £500 per calendar month. The residential flat benefits from a private entrance, an open-plan living room and kitchen, two bedrooms, and a modern shower room, and has also been priced for rent at £500 per calendar month.
The building has a total potential income of at least £1,000 per calendar month, yielding 16% gross if purchased at £75,000. Mains infrastructure, including electricity, water, and gas central heating, are all connected.