Norton Road, Stockton-On-Tees, Durham, TS18
£114.19 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,277 sq ft
212 sq m
- SECTOR
Commercial development for sale
- USE CLASSUse class orders: A1 Shops
A1
Key features
- Popular Location
- Large Property
- 4 Flats
Description
A fantastic investment property in the heart of Stockton, the ground floor tenant which has been in occupation since 30th January 2016 has a lease which expires in 2031, the tenant does have one final break clause in January 2026.
The ground floor tenant are paying £20,000 per annum
Upstairs the property is composed of 4 1 bedroom flats, 3 of these flats are accessed via the small rear yard and up a flight of stairs, with one having access from the main street, the flats were previously occupied and managed by Thirteen Housing Group. As can be seen from the images the flats require some work and have been stripped back to remove the asbestos
There is scope for a buyer to develop the upstairs flats then either lease these of sell these off thus enlarging the properties potential return.
Ground Floor - 1436.66 SqFt
Basement - 840.23 SqFt
For Sale: £295,000
Norton Road, Stockton-On-Tees, Durham, TS18
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
Notes
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