AVAILABLE
Mixed use high yielding investment opportunity in the heart of affluent Teesside town
Price:
£2,650,000 (9.48% NIY)
16,204 sq ft
INVESTMENT SUMMARY
Located in the centre of Yarm, an affluent market town on the banks of the River Tees and close to the North Yorkshire Moors
The subject property is situated in a prime position in the heart of Yarm
Ticketed parking outside the building, free for the first hour
Comprising a well-maintained Grade II Listed Georgian propertyTotal floor area of 16,204 sq ft, with 13,437 sq ft of ground floor accommodation Total passing rent of £267,250 per annum from 14 tenants
13 parking spaces and additional hardstanding land to the rear of the building
Opportunities to add value to a conservative rent of £281,576 per annum upon re-letting the vacant unit and with some proactive asset management
Personal guarantee from the company director of the highly successful Tomahawk Steakhouse (Newcastle) Limited on 41% of the total income
Yarm School, located close to the subject property, is one of the strongest schools in the region
The prep school has been shortlisted for the Independent Prep School of the year 2023
We are instructed to seek offers in excess of £2,650,000 (Two Million Six Hundred and Fifty Thousand Pounds) exclusive of VAT.
A sale at this level reflects a net initial yield of 9.48% and a reversionary yield of 10.00% assuming standard purchasers’ costs of 6.40%.
Property Details
Location Details
Yarm, Teesside
Sector
Retail, Leisure, Office
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An outstanding opportunity
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