top of page

AVAILABLE

Mixed use high yielding investment opportunity in the heart of affluent Teesside town

Price:

£2,950,000 (8.50% 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 £2,950,000 (Two Million Nine Hundred and Fifty Thousand Pounds) exclusive of VAT.


A sale at this level reflects a net initial yield of 8.50% and a reversionary yield of 8.97% assuming standard purchasers’ costs of 6.44%.

Property Details

Location Details

Yarm, Teesside

Sector

Retail, Leisure, Office

Property PDF

Download our property listing brochure for full details of this listing.

MAKE AN ENQUIRY

An outstanding opportunity

Our property listing brochure contains full details of this listing. Prefer to chat to us about the property? Send us an email or give us a call.

Share this listing

  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
Property Details

Speak to us about this property in more detail.

Or access the PDF Brochure and mailing list.

bottom of page