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Tenanted Commercial Investment Building
Address
See address
Auction date
12 Nov 2026
Guide price
£420,000
Type
Commercial
Tenure
Freehold
EPC Rating
Unknown
Status
Upcoming
Description
A fully let commercial building arranged over four floors in a prime Middlesbrough town-centre trading position. The property is occupied by a casino business under a long-term repairing and insuring lease, providing stated annual rental income of £45,000.
- Basement: 49.80 sq m
- Ground floor: 116.82 sq m
- First floor: 108.88 sq m
- Second floor: 41.60 sq m
- Total stated area: 317.1 sq m
- Freehold ownership
- Tenanted under a 10-year FRI lease commencing 24 June 2021, with rent reviews every fifth year
- Stated rent: £45,000 per annum; approximate yield: 11%
- Located in a pedestrianised town-centre area near a range of national and local retailers
The freehold investment is let to Luxury Leisure, trading as Admiral Casino, with the lease due to run to 2031 as described in the listing. Its stated rental income and town-centre position may appeal to commercial property investors seeking an income-producing asset. The listing does not provide an EPC rating.
Last update: 07 Nov 2026
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