Retail Property (out of town) for sale

Yarm Lane, Stockton-On-Tees, Cleveland, TS18

Fixed Price £120,000

Property Description

Full description

This long leasehold investment opportunity comprises of 2 self contained retail units generating a healthy yield of 13,700 per annum.

Stockton on Tees is a popular market town within the Teesside area. This property is very prominently positioned on the very busy junction of Yarm Lane and Prince Regent Street.

Tenant Details

48 Yarm Lane - Start Date 23rd Dec 2014 - Lease Term 15 years - Rent Review every 3 years - 6,000 p/annum - Business Type: Barbers

50-51 Prince Regent St - Start Date 13th July 2015 - Lease Term 10 years - Rent Review every 3 years - 7,700 p/annum - Business Type: Hairdressers / Minimart

Long Leasehold has 250 years remaining and attracts a Ground Rent of 100 for all of the properties.

VIEWING BY APPOINTMENT ONLY - Please contact our office on 01642 987987 should you wish to view this property.

Nearest stations

  • Stockton (0.6 mi)
  • Thornaby (0.6 mi)
  • Eaglescliffe (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Parker Barras , Middlesbrough

The Qube, Windward Way, Middlesbrough, TS2 1QG

01642 268204 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stockton (0.6 mi)
  • Thornaby (0.6 mi)
  • Eaglescliffe (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Parker Barras , Middlesbrough

The Qube, Windward Way, Middlesbrough, TS2 1QG

01642 268204 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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