Fixed price
£365,000
Block of flats for saleParliament Road, Middlesbrough TS1
2 sq. ft
About this property
Prime Turnkey Investment Opportunity – Parliament Road
A high-yielding, turnkey investment opportunity offering multiple income streams with significant further potential.
This impressive property on Parliament Road presents an excellent opportunity for investors seeking a substantial, income-producing asset with the benefit of works already completed to a very high standard.
The property comprises a large retail premises to the ground floor, providing an established commercial space with excellent potential for a variety of business uses.
Above the retail premises is a high-quality 5-bedroom HMO, with each bedroom benefiting from its own en-suite facilities. The accommodation has been finished to a particularly high standard, creating an attractive proposition for the rental market and making this a genuine turnkey investment requiring no major works.
The existing works and building regulations have already been completed and signed off, providing a strong foundation for any future development proposal. A hmm license will need to be submitted but will likely be granted as everything has been done in the correct manner.
Investment Highlights
Large ground-floor retail premises
5-bedroom HMO above
All bedrooms benefit from en-suite facilities
Finished to a very high standard
Building works completed
Building regulations already passed
Additional garage to the side
Potential for further development and additional income
Multiple potential income streams
Turnkey investment – ready to generate income
Excellent opportunity for investors seeking strong rental returns
This is a particularly attractive proposition for both experienced property investors and those looking to expand their portfolio, combining commercial and residential income within a single asset.
The property's existing configuration provides immediate income potential, while the garage offers an exciting opportunity to increase the overall rental income and capital value, subject to planning permission and any required consents.
A rare opportunity to acquire a fully refurbished, high-quality investment property with multiple income streams and genuine scope for further value creation. Early viewing is highly recommended.
Current Turnover just under £40,000
A high-yielding, turnkey investment opportunity offering multiple income streams with significant further potential.
This impressive property on Parliament Road presents an excellent opportunity for investors seeking a substantial, income-producing asset with the benefit of works already completed to a very high standard.
The property comprises a large retail premises to the ground floor, providing an established commercial space with excellent potential for a variety of business uses.
Above the retail premises is a high-quality 5-bedroom HMO, with each bedroom benefiting from its own en-suite facilities. The accommodation has been finished to a particularly high standard, creating an attractive proposition for the rental market and making this a genuine turnkey investment requiring no major works.
The existing works and building regulations have already been completed and signed off, providing a strong foundation for any future development proposal. A hmm license will need to be submitted but will likely be granted as everything has been done in the correct manner.
Investment Highlights
Large ground-floor retail premises
5-bedroom HMO above
All bedrooms benefit from en-suite facilities
Finished to a very high standard
Building works completed
Building regulations already passed
Additional garage to the side
Potential for further development and additional income
Multiple potential income streams
Turnkey investment – ready to generate income
Excellent opportunity for investors seeking strong rental returns
This is a particularly attractive proposition for both experienced property investors and those looking to expand their portfolio, combining commercial and residential income within a single asset.
The property's existing configuration provides immediate income potential, while the garage offers an exciting opportunity to increase the overall rental income and capital value, subject to planning permission and any required consents.
A rare opportunity to acquire a fully refurbished, high-quality investment property with multiple income streams and genuine scope for further value creation. Early viewing is highly recommended.
Current Turnover just under £40,000
Mortgage calculator
Monthly repayment
£1,825 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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