£250,000
(£184.09/sq. ft)
Retail premises for saleInvestment For Sale, 11, 11A & 13, Station Road, Billingham TS23
1,358 sq. ft
Just added
Freehold
About this property
Freehold Investment For Sale
Prominent Corner Building
Two Shops and First Floor Flat
Established Shopping Parade
Total Current Income £21,200 per annum.
The property is situated on Station Road in Billingham, a town within the Borough of Stockton-on-Tees in the Tees Valley. The parade lies approximately three-quarters of a mile south of Billingham town centre, around one mile east of Norton and three miles north-west of Middlesbrough, with good road links via the A19 and A1027.
Station Road is an established suburban shopping parade serving the surrounding residential area, with a mix of local occupiers including takeaways, hair and beauty and service uses. The property occupies a prominent corner position at the junction of Station Road and Parklands Avenue, with on-street parking along Station Road.
Investment summary
● Freehold
● Prominent corner building of two shops and a first floor flat on an established neighbourhood shopping parade
● Total floor area of approximately 126 m2 (1,358 sq ft)
● Total current income £21,200 per annum, with reversionary potential
● Let to a florist, a beauty salon and a residential tenant
● Offers in the region of £250,000 exclusive, reflecting a net initial yield of 8.33% allowing for purchaser's costs at 1.80%, and a reversionary yield of 8.84%
● No VAT
The investment comprises a two-storey end-of-terrace building of rendered construction beneath a hipped slate roof with a brick chimney, occupying a corner position at the junction of Station Road and Parklands Avenue.
The ground floor provides two retail units: 11 Station Road, trading as Flowerpot florists, with roller shutter protection, and 13 Station Road, trading as Blissful Massage & Beauty. Above both shops is a first floor flat (11a Station Road), with a separate side entrance on Parklands Avenue.
The shops front a wide pavement onto Station Road, with neighbouring occupiers on the parade including Napolita Pizza and a range of local retail and service businesses.
Tenancy schedule
The property is let to two commercial tenants and one residential tenant, producing a total current income of £21,200 per annum. A full tenancy schedule is set out overleaf.
11 Station Road is let until 30 September 2027 with annual rent reviews. The tenant of 13 Station Road is holding over on a full repairing and insuring lease which expired on 31 August 2025 and is within the security of tenure provisions of the Landlord and Tenant Act 1954.
Covenant
The commercial units are let to individuals rather than corporate covenants. No trading accounts or credit information have been provided by the tenants, and interested parties are advised to make their own covenant enquiries prior to submitting an offer.
Rates
Each commercial tenant is responsible for its own business rates liability. The current rateable values are £6,800 (11 Station Road) and £7,600 (13 Station Road), below the £12,000 threshold, allowing eligible occupiers to benefit from Small Business Rates Relief. The flat is subject to Council Tax. See schedule overleaf.
Interested parties should verify current assessments with the Valuation Office Agency and Local Rating Authority.
Legal fees
Each party is to be responsible for their own legal fees incurred with any transaction.
VAT
VAT will not be charged on the sale.
Energy performance certificates
11 Station Road: D85; 13 Station Road: B50; Flat 11a: Tbc.
Copies will be made available for inspection prior to exchange.
Money laundering
In accordance with the Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Capital allowances
To be confirmed.
Price
Offers in the region of £250,000 exclusive, reflecting a net initial yield of 8.33% allowing for purchaser's costs at 1.80%, and a reversionary yield of 8.84%.
Accommodation:
11 Station Road: 549.00 sqft
13 Station Road: 313.00 sqft
Flat 11a (first floor): 496.00 sqft
Total: 1,358.00 sqft
Station Road is an established suburban shopping parade serving the surrounding residential area, with a mix of local occupiers including takeaways, hair and beauty and service uses. The property occupies a prominent corner position at the junction of Station Road and Parklands Avenue, with on-street parking along Station Road.
Investment summary
● Freehold
● Prominent corner building of two shops and a first floor flat on an established neighbourhood shopping parade
● Total floor area of approximately 126 m2 (1,358 sq ft)
● Total current income £21,200 per annum, with reversionary potential
● Let to a florist, a beauty salon and a residential tenant
● Offers in the region of £250,000 exclusive, reflecting a net initial yield of 8.33% allowing for purchaser's costs at 1.80%, and a reversionary yield of 8.84%
● No VAT
The investment comprises a two-storey end-of-terrace building of rendered construction beneath a hipped slate roof with a brick chimney, occupying a corner position at the junction of Station Road and Parklands Avenue.
The ground floor provides two retail units: 11 Station Road, trading as Flowerpot florists, with roller shutter protection, and 13 Station Road, trading as Blissful Massage & Beauty. Above both shops is a first floor flat (11a Station Road), with a separate side entrance on Parklands Avenue.
The shops front a wide pavement onto Station Road, with neighbouring occupiers on the parade including Napolita Pizza and a range of local retail and service businesses.
Tenancy schedule
The property is let to two commercial tenants and one residential tenant, producing a total current income of £21,200 per annum. A full tenancy schedule is set out overleaf.
11 Station Road is let until 30 September 2027 with annual rent reviews. The tenant of 13 Station Road is holding over on a full repairing and insuring lease which expired on 31 August 2025 and is within the security of tenure provisions of the Landlord and Tenant Act 1954.
Covenant
The commercial units are let to individuals rather than corporate covenants. No trading accounts or credit information have been provided by the tenants, and interested parties are advised to make their own covenant enquiries prior to submitting an offer.
Rates
Each commercial tenant is responsible for its own business rates liability. The current rateable values are £6,800 (11 Station Road) and £7,600 (13 Station Road), below the £12,000 threshold, allowing eligible occupiers to benefit from Small Business Rates Relief. The flat is subject to Council Tax. See schedule overleaf.
Interested parties should verify current assessments with the Valuation Office Agency and Local Rating Authority.
Legal fees
Each party is to be responsible for their own legal fees incurred with any transaction.
VAT
VAT will not be charged on the sale.
Energy performance certificates
11 Station Road: D85; 13 Station Road: B50; Flat 11a: Tbc.
Copies will be made available for inspection prior to exchange.
Money laundering
In accordance with the Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Capital allowances
To be confirmed.
Price
Offers in the region of £250,000 exclusive, reflecting a net initial yield of 8.33% allowing for purchaser's costs at 1.80%, and a reversionary yield of 8.84%.
Accommodation:
11 Station Road: 549.00 sqft
13 Station Road: 313.00 sqft
Flat 11a (first floor): 496.00 sqft
Total: 1,358.00 sqft
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