REF: 209211643
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For Sale
Freehold Investment Opportunity, Norton Rd, Stockton-On-Tees, TS18 2BW
Key Features
- Popular Location
- Great Investment
- 10% Yield
- Fully Tenanted
Specifications
Invest and Develop, retail
TBC
300000
Description
Freehold Investment Opportunity, Norton Rd, Stockton on Tees, TS18 2BW
This huge property based in Stockton is comprised of 3 ground floor retail units and 4 upper flats.
The total generated income is £30,120 Per Annum offering a highly attractive 10% yield
The rental breakdown is as follows.
5 Norton Rd - £5,200 per annum, new lease signed March 2024
7 Norton Rd - £5,200 per annum, new lease signed April 2024
9 Norton Rd - £520 per annum, sold on a long leasehold dated 2003
Flat 1 - £4,800 per annum, AST
Flat 2 - £4,800 per annum, AST
Flat 3 - £4,800 per annum, AST
Flat 4 - £4,800 per annum, AST
This prime location property is a great investment in the heart of the town.
This property is NOT elected for VAT.
For further information please contact our office