REF: 184787672

For Sale

9 Norton Road, Stockton On Tees, TS18 2BW

Description

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. 


Price £65,000. 

Specifications

Invest and Develop

TBC

65000

Free Business Valuation

Find out today how easy Parker Barras can make the process of selling your business

More Info

TESTIMONIALS

Discover the Success Stories of Our Clients: Experiences Working with Our Expert Team.

Discover what our satisfied clients have to say about their experience working with us on our reviews page. We are proud to showcase their positive feedback on the quality of our commercial property services and the exceptional customer support they received.

See More

"Fantastic service from start to finish, Thank you for making my purchase easy."

Sarah Gowland

"The best estate agents for commercial properties in the North East- Simple, no-nonsense and loads of common sense, Pay for what you get and carry on with your business. I lease two properties from Parker Barras, One short-term and one long-term and I dealt with the Taylors and Fishers at the famous cube office. Amazing people to connect with and their knowledge of Teesside and business acumen is second to none. Hopefully, I will secure a high street unit by next year."

Raojis Enterprises

"Really pleased with the service, they helped me sell my business and guided me through the whole process."

Manolia Majid

"The sale of my bar was so quick and easy. Very professional and I would definitely use them again."

Germaine Love