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Norton Road

Norton Road, Stockton-On-Tees, Stockton On Tees, Durham, United Kingdom
£ 95,000
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Property Description:

The property comprises 3 self contained retail units which form part of a larger mid terrace mixed use block. Only the ground floor retail units are included in the sale.

Location

Stockton-On-Tees is a popular market town within the Teesside conurbation. Norton Road forms part of the town centre as a continuation of the High Street and is a busy retail thoroughfare.

Tenure

Long leasehold. The net income from the investment is £10,320 per annum

Tenant Details

5 Norton Rd - Lease start date 15th Aug '16 - Term 10 years - Review every 3 years - Type: Beautician - £4,600 p/annum

7 Norton Rd - Lease start date 16th Mar '15 - Term 10 years - Review every 3 years - Type: Hairdressers - £5,200 p/annum

9 Norton Rd - Ground rent of £520 p/annum for 99 years from 2nd Dec '05

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Additional Info:
Fantastic investment opportunity of 3 self contained retail units close to the High Street in Stockton. These properties are already generating an income from existing tenants & ground rents

Location

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