REF: 180641318
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Photos
For Sale
Investment - 321 Norton Road, Stockton-on-Tees TS20 2PT
Key Features
- Good Location
- Long Standing Tenant
- Long Lease
- 8.4 % Return
Specifications
Invest and Develop, retail
750 sqft
90000
Description
BUSINESS NOT AFFECTED
321 Norton Road consists of a ground floor retail unit let to Niche Hair Salon producing £7,800 per year.
The lease was dated April 2021 for a term of 7 years.
The property is in good decorative order throughout.
Ground Floor Area 750.95 sq ft / 69.76 sq m
The upper floor has been sold off on a long leasehold for a term of 999 years from August 2006. The rent is peppercorn if demanded. The long lease holder is responsible for paying a contribution towards the building insurance.
Investment sale
Freehold £90,000