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

2. 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 | /12A HIGH STREET | NORMANBY | TS6 0JZ

3. 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
Sales
Kitchen 214
733
(ITZA )
£15,600 pax
IRI Lease & shop front
5 yrly rent reviews
C (72)
12a
t/a Northpack 2
The Seamstress
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 | /12A HIGH STREET | NORMANBY | TS6 0JZ

4. 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 | /12A HIGH STREET | NORMANBY | TS6 0JZ

5. 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:
Contact: Mark Convery
Tel No:
Sanderson Weatherall
Roseberry House 3 Kingfisher Way, Preston Farm,
Stockton on Tees, TS18 3EX
First Floor
Ground Floor
September 2017
NORTH EAST COMMERCIAL AGENCY | /12A HIGH STREET | NORMANBY | TS6 0JZ