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