Middlesbrough Road, Middlesbrough, TS6 Residential development for sale

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Middlesbrough Road, Middlesbrough, TS6 Residential development for sale

Middlesbrough Road, Middlesbrough, TS6
£700,000

Our Summary

  • Positioned In South Bank, TS6, Close To The Teesworks Regeneration Zone, New Retail Developments, Transport Links And Major Employers, Offering A Hands-Off Investment With Strong Income And Excellent Growth Potential
  • For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply

Description

This freehold block of 12 modern apartments is a hands-off investment opportunity, let to a corporate tenant on a full repairing and insuring lease until March 2029, producing an annual income of £66,000. The property is located in South Bank, TS6, close to the Teesworks regeneration zone, new retail developments, transport links, and major employers, offering strong income and growth potential. The apartments, each with its own kitchen, lounge, and shower room/bathroom, are modernly specified and independently metered, making them suitable for multi-let or serviced accommodation models. With a gross yield of circa 9.4% at guide, this investment provides a secure and attractive return, with the added benefit of being located in an area undergoing significant regeneration, creating new jobs, footfall, and sustained rental demand.