Commercial property for sale in Residential Investment For Sale In Middlesbrough, The Gallery, 320 Linthorpe Road, Middlesbrough TS1

Offers in region of £1,400,000 (£221.87/sq. ft)
Interested in this property? Call +44 191 686 1494 * or Request Details

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Commercial property for sale

6,310 sq. ft*

Property description

Key Points

  • Residential Investment Opportunity
  • Close Proximity to Middlesbrough Town Centre
  • Let to Private Individuals
  • Asking Price £1.4M
  • Anticipated 2023/24 Income £140,000 per annum
  • Subject to Contract
  • Description

    Formerly the Middlesbrough Art Gallery this elegant building retains many of its original features including parquet and original winding staircase. Upon entry you will be greeted by a stunning bright and spacious entrance hall, leading to three self-contained five bedroom apartments. Each apartment is tastefully decorated and each bedroom benefits from en-suite shower rooms, shared kitchen and communal living space. There is also a separate one bedroom self-contained studio apartment with its own kitchen and bathroom.

    The first floor offers two three bedroom self-contained apartments with spacious kitchens with shared living space and bathrooms.

    The loft has been converted into a stunning large four bedroom apartment which is bright, airy and spacious which really gives this building the wow factor. Suitably named the penthouse it is a wonderful addition to this beautiful building and offers four bedrooms and has enough space for five bedrooms in total. Each bedroom and communal living space has spectacular views over the town.

    Currently rented to students this property would also be popular with a mixed clientele of students, professionals and contractors. This property has a proven high yield return each year. No chain, no expense spared, high spec finish throughout.

    Ideally located offering spacious accommodation throughout this is a not to be missed investment opportunity.

    Location

    The subject property is situated in a prominent position in the centre of Linthorpe Road directly adjacent to Albert Park, within Middlesbrough Town Centre. Linthorpe Road is well known for its retail and leisure trade and is of course situated directly adjacent to the Teesside University main campus.

    Middlesbrough is located in the North East of England and is a key urban centre in the Tees Valley region. Middlesbrough is a large town with industrial roots and is well known as a digital and creative hub within Tees Valley.

    From Durham Tees Valley Airport travellers can reach Amsterdam in less than 90 minutes and from there connect to 200 international destinations including the usa, China and the uee. Further connections to international destinations are available from nearby airports such as Newcastle and Leeds Bradford.

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    The accommodation comprises the following areas:

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    Sanderson Weatherall, NE1 on +44 191 686 1494 * (local rate)

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sanderson Weatherall, and do not constitute property particulars. Please contact Sanderson Weatherall for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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