Commercial Property for sale29 Norton Road, Stockton-On-Tees, TS18 2BU
Guide Price £275,000
The property is situated approximately 10 minutes walk from Durham University Campus on the corner of Norton Road and Tennant Street, and with Stockton High Street town centre amenities directly accessable from Norton Road which also provides good road links via the A1305 to the A177 Durham Road and A19 dual carriageway which lies approximately 2 miles distant. Local amenities are within walking distance together with Doctors Surgery on Tennant Street. Public transport is also available in the vicinity.
A substantial corner property constructed of traditional brick construction under pitched tiled roof and incorporating sliding sash windows. The property retains a number of original architectural features and was given Grade II Listing in 1985. The property has been maintained to an extremely high standard throughout and provides for nine letting rooms over four floors being seven double rooms and two single rooms. All rooms are of spacious proportions. The property also includes two kitchens, sitting room (TV room) and a number of bathrooms with showers. Externally there are three private parking spaces to the front which is block paved. The property also has an enclosed yard with fire escape via spiral staircase. The building has fire certificate and is burglar alarmed. During our client's original renovations the property underwent soundproofing works. Heating is via electricity. The property is furnished throughout and further photographs may be referred to on our clients website www.durhamunistudentaccom.com
The property is let for the academic year 2016/2017 at a gross rental income of £34,000 per annum. All leases are guaranteed by students parents. Durham University has qualified the property as to Gold standard. The HMO licence was renewed in July 2012. Information available includes:-
PAC testing certificates for electrical goods
Our clients have owned the property for approximately 11 years during which time it has been maintained to a very high standard and is regularly decorated and upgraded where required.
Tenants pay for electricity and proportion of costs for Wifi.
Sitting Room/TV Room
Two Letting Rooms
Lower Ground Floor
Two Letting Rooms (one with sitting/study area)
Bathroom with shower
Three Letting Rooms
Bathroom with walk in shower
Two Letting Rooms (one with sitting area)
Any reference to price, premium or rent is deemed to be exclusive of VAT (if applicable) thereon. Where rents are quoted as inclusive figures this does not include VAT. Interested parties should clarify the incidence of VAT in any event with their legal advisors.
Strictly by appointment only through agents.
ENERGY EFFICIENCY RATING
G - 18
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