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Norton Road, Stockton-On-Tees, Durham, TS18

£300,000

Business rates & charges may apply

Parker Barras, Teesside
SIZE

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SECTOR

High street retail property for sale

USE CLASSUse class orders: A1 Shops, A3 Restaurants and Cafes and A4 Drinking Establishments

A1, A3, A4

Key features

  • Popular Location
  • Great Investment
  • 10% Yield
  • Fully Tenanted

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

Norton Road, Stockton-On-Tees, Durham, TS18

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stockton Station0.2 miles
  • Thornaby Station0.8 miles
  • Billingham Station3.0 miles

About Parker Barras, Teesside

The Qube Windward Way, Middlesbrough, TS2 1QG

Parker Barras are award-winning Commercial Property & Business Transfer Agents formed in 2007 and operating from state-of-the-art office premises, located in Teesside and covering the North East.

Our proactive approach enables the firm to act efficiently on the Sale and Letting of all types of Commercial Property, as well as acting as business transfer agents, helping you achieve the best outcome, when its comes to selling your business.

Parker Barras charge absolutely no upfront fees and offer a free no obligation market appraisal.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 209211643. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Parker Barras, Teesside. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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