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

£50,000

Business rates & charges may apply

Parker Barras, Teesside
SIZE

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SECTOR

Pub for sale

USE CLASSUse class orders: A1 Shops and A4 Drinking Establishments

A1, A4

Key features

  • Tenanted Investment
  • Licensed Premises
  • 12% Return
  • Prime Location

Description

A tenanted investment in the heart of Stockton offering a great yield of 12% !

The property which is currently occupied as a licensed pub is held on a 5 year lease signed September 2022 expiring in 2027. Currently achieving £8,000 per annum rental income.

The current tenants did a full fit out of the property and it is excellently decorated, comprised of the main bar, separate male and female wc's and a full size basement cellar .

The ground floor unit is held on a Long Leasehold basis signed in 2003 on a 125 year lease, the current ground rent payable is £520 per annum .

After ground rent is payed this means the rent profit is £7,480, an excellent investment for any buyer.

For Sale - £50,000

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

Approximate location
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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 209957821. 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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