9 Norton Road, Stockton On Tees, TS18 2BW
Tenanted investment, ground floor retail unit only currently trading as Champagne Charlie’s. The tenant pays £8,000 per annum on a lease for a term of 6 years from 2022.
The property is in excellent decorative order throughout and comprises main bar room with separate male and female WC’s and a staircase leading down to full height cellar.
The property is held on a long lease for a term of over 100 years and the ground rent is £500 per annum. The upper floors are not included, this is the ground floor only. Meaning the rent profit is £7,500 per annum.
Invest and Develop