For Sale RETAIL / RESIDENTIAL INVESTMENT (REDUCED PRICE) 12/12A HIGH STREET NORMANBY TS6 0JZ

NORTH EAST COMMERCIAL AGENCY | 12/12A HIGH STREET | NORMANBY | TS6 0JZ INVESTMENT SUMMARY Price Fully let and income producing 2 shops and 4 fully let flats Total rental income £48,100 per annum exclusive The property is not elected for vat Offers invited in the region of £395,000 (Three Hundred and Ninety Five Thousand Pounds). Subject to contract reflecting a net initial yield of 11.6% (after allowing for purchasers costs of 4.8%)  The property can be transferred by way of TOGC sale. Location The property is situated in the attractive suburb of Normanby in the Borough of Redcar and Cleveland with an approximate residential population of 7,000 people.   It lies between Ormesby to the West, Eston to the East and approximately 2 miles from Middlesbrough Town Centre and 3 miles from Redcar respectively. Leases See Tenancy Schedule Description General Information The subject property comprises a 2-storey semi-detached brick built property with dual pitched slate roofs. The property was formerly an HSBC Bank which has been substantially altered and sub-divided to create 2 ground floor shop units with residential accommodation above and to the rear.   Situation 12 High Street Trades as The Whitehouse café, recently fitted out with good quality fixtures and fittings offering an Italian style offer.   12a High Street Trades as a local seamstress providing alteration services. Both traders are local to the area and have an established client base. The subject property fronts onto the High Street an established main road frontage which accommodates the local shopping area. Nearby occupiers include the Co-op, Tesco Express, Martin’s Newsagent, Post Office, Ladbrokes and local pubs. EPC’s TENURE As per Tenancy Schedule. A full copy of the EPC’s are available for inspection if required. Freehold NORTH EAST COMMERCIAL AGENCY | 12/12A HIGH STREET | NORMANBY | TS6 0JZ

Leases Notes Unit Tenant Term Lease Start Lease Expiry (Break) The shop leases are drawn on tenant’s IRI terms with a responsibility for shop front and signage only. 5 yearly upward only reviews to Market Rent. There is a service charge recovery for common external areas. Unit Tenant Term Lease Start Lease Expiry (Break) Next Rent Review Total Area sq ft Rent Passing £ Comments EPC Rating 12 Angela Elsie Latherton t/a The Whitehouse Café 15yrs 09.07.12 08.07.27 09.07.22 Sales 519 Kitchen 214 733 (ITZA 448) £15,600 pax IRI Lease & shop front 5 yrly rent reviews C (72) 12a t/a Northpack 2 The Seamstress 01.01.14 31.12.28 01.01.19 Sales 248 (ITZA 233) £10,400 pax 12b One Bedroom 12 months June 2017 £5,200 pax Let on a new 12 month tenancy lease based on £100 per week D (64) 12c Let on a new 12 month lease based on £100 per week D 964) 12d Two Bedroom £6,500 pax Let on a new 12 month tenancy lease based on £125 per week F (22) 12e D (55) Total £48,100 NORTH EAST COMMERCIAL AGENCY | 12/12A HIGH STREET | NORMANBY | TS6 0JZ

Description 12 High Street 12a High Street Accommodation Briefly, the property provides the following approximate Net internal areas and dimensions:- Residential Accommodation 4 self-contained flats 2 x 1 bed flats above the shops, and to the rear, an additional 1 bed and a 2 bed flat. All are occupied. Description 12 High Street Shop Width 6.0 m 19’ 09” Shop Depth 9.5 m 31’ 02” Sales 48.2 m² 519 ft² Kitchen 19.9 m² 214 ft² WC ITZA 488 ft² 12a High Street 3.5 m 11’ 06” 6.9 m 22’ 08” 23.0 m² 248 ft² 233 ft² NORTH EAST COMMERCIAL AGENCY | 12/12A HIGH STREET | NORMANBY | TS6 0JZ

NORTH EAST COMMERCIAL AGENCY | 12/12A HIGH STREET | NORMANBY | TS6 0JZ Viewings & further information Strictly by prior appointment with the agents: Contact: George Williams Tel No: 01642 426 922 Email: george.williams@sw.co.uk Contact: Mark Convery Tel No: 0191 269 0103 Email: mark.convery@sw.co.uk Sanderson Weatherall Roseberry House 3 Kingfisher Way, Preston Farm, Stockton on Tees, TS18 3EX First Floor Ground Floor September 2017 NORTH EAST COMMERCIAL AGENCY | 12/12A HIGH STREET | NORMANBY | TS6 0JZ