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Thornaby 0.6 miles3.5 Years Lease Option Commercial Opportunity
Freehold Shop and Three Bedroom Apartment / With HMO Potential with Great Commercial possibilities and Substantial Lower Basement Storage
Yarm Lane, Stockton On Tees, TS18 3DT
Purchase Price Within 3.5 Years = £160,000
Rent to Landlord = £1,000 pcm
Finders Fee = £5,000 + Vat = £6,000
Potential to create 5 bed + HMO by applying for a licence
POTENTIAL CASHFLOW
Managed = £655 pcm = £7,860 per annum
Cashflow Over 3.5 Years = £19,650
Self Managed = £925 pcm = £11,100 per annum
Cashflow Over 3.5 Years = £27,750
For a limited time only, we have managed to secure this freehold commercial / residential property with phenomenal potential.
At present, the ground floor is 1 x large office space but has the potential to convert into 2+ smaller units to maximise the profit.
On the first floor and second floor sits a large 3 bedroom flat - this is currently rented at £450 pcm
The shop has got two entrances, Kitchen, Stuff Toilets and an Integral electric garage.
In addition, there is a cellar that runs the length of the property, ideal for storage purposes.
The building is located on a prominent corner side with an adjacent car park.
It currently has A2 use and is suitable for a variety of uses subject to local planning consent.
The owner has just spent £5,000+ on the property, therefore the owner is preferably after someone with some property experience, who will also maintain the property.
