140-144 Norton Road, Stockton-On-Tees, Durham, TS20
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- SIZE
1,818 sq ft
169 sq m
Key features
- Recently refurbished to a high standard
- 100% Occupancy
- Within 0.5 miles to Stockton Train Station
- Opposite large newbuild residential village
Description
Gross Initial Yield: 15.00%
Rental Income: £28,500 p.a.
VAT is NOT applicable to this property
Comprises 5 self-contained flats arranged over first floor and attic
Property benefits from communal area fire system and emergency lighting
Located opposite large newbuild residential village and close to secondary school
Within 0.5 miles to Stockton Train Station with occupiers nearby include takeaway shops, pharmacy, laundrette, tyre shop and others.
Property Description:
The property comprises 5 x 1-Bed Flats arranged over first floor and attic. Property has been recently refurbished to a high standard and benefits from communal area fire system and emergency lighting.
The property provides the following accommodation and dimensions:
Flat 1: 1 Bedroom, Kitchen/Living Room, Bathroom - 33 sq m (355 sq ft)
Flat 2: 1 Bedroom, Kitchen/Living Room, Bathroom - 27 sq m (290 sq ft)
Flat 3: 1 Bedroom, Kitchen/Living Room, Bathroom - 28 sq m (301 sq ft)
Flat 4: 1 Bedroom, Kitchen/Living Room, Bathroom - 24 sq m (258 sq ft)
Flat 5: 1 Bedroom, Kitchen/Living Room, Bathroom - 57 sq m (614 sq ft)
Total area size: 169 sq m (1,818 sq ft)
Tenancy:
Flat 1 is let on AST to an Individual for a term of 12 Months from 28th May 2024 at a current rent of £5,700 p.a. Deposit held of £475.
Flat 2 is let on AST to an Individual for a term of 12 Months from 2nd August 2024 at a current rent of £5,400 p.a. Deposit held of £450.
Flat 3 is let on AST to an Individual for a term of 12 Months from 1st November 2024 at a current rent of £5,700 p.a. Deposit held of £475.
Flat 4 is let on AST to an Individual for a term of 12 Months from 14th November 2024 at a current rent of £5,700 p.a. Deposit held of £475.
Flat 5 is let on AST to an Individual for a term of 12 Months from 8th July 2024 at a current rent of £6,000 p.a. Deposit held of £500.
Tenure:
To be held on a new 999 Year lease from completion with ground rent of peppercorn.
Location:
Stockton-on-Tees is a major commercial centre located approximately 30 miles south of Newcastle upon Tyne and 4 miles west of Middlesbrough. The town benefits from excellent road communications, being two miles west of the A19 link road and one mile north of the A66 dual carriageway, which links the A19 with the A1(M) Motorway. The property is located opposite large newbuild residential village and close to secondary school, within 0.5 miles to Stockton Train Station. Occupiers nearby include takeaway shops, pharmacy, laundrette and others.
Brochures
Property Particulars- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
140-144 Norton Road, Stockton-On-Tees, Durham, TS20
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