Bishopton Road, Stockton-On-Tees, Durham, TS19

Joseph Harris are pleased to market this mixed use commercial property on Bishopton Lane.

Commercial Units:

Unit 1: Let to Station Foods with a rental of £300 per month. The unit includes a counter area, display shelves, and a small kitchen at the back.

Unit 2: Let to Toast to Roast with a rental of £600 per month. The second unit is designed with versatility in mind. It boasts a slightly larger footprint, making it suitable for a variety of food service concepts. This unit also features a well-equipped kitchen, seating area, and storage space, making it ready for immediate operation. Large storefront windows ensure maximum exposure to passers by on Bishopton Lane.

Upper Floors:
Ensuite Rooms:

The upper floors of the property house 4 bedrooms each with its own ensuite in addition to a modern communal kitchen. These rooms are popular among working professionals.

Stockton-on-Tees is undergoing significant regeneration, with investments in infrastructure and community projects enhancing its appeal as a prime location for businesses and residents alike.

Location Benefits:
Bishopton Lane is one of Stockton-on-Tees' key thoroughfares, known for its mix of commercial and residential properties. The area is characterized by its accessibility, with excellent transport links including bus routes and proximity to the Stockton railway station. Local amenities include a variety of shops, restaurants, cafes, and recreational facilities, making it a desirable location for both business owners and tenants.

Proximity to Major Attractions:

Stockton High Street: A short walk from the property, Stockton High Street offers a range of shopping, dining, and entertainment options.
Teesdale Business Park: Located nearby, this business hub attracts a steady stream of professionals, boosting potential customer bases for the cafe units.
Riverside: The picturesque riverside area provides a relaxing escape and is a popular spot for walking, cycling, and leisure activities.
Community and Development:
Stockton-on-Tees is a town with a rich history and a bright future. Recent investments in urban regeneration have revitalized the area, with ongoing projects aimed at improving public spaces, transportation, and community facilities. This focus on development ensures that properties in prime locations, such as Bishopton Lane, will continue to appreciate in value.

The local community is vibrant and diverse, with a mix of families, young professionals, and students contributing to the dynamic atmosphere. Events and festivals held throughout the year further enhance the appeal of the area, drawing visitors from surrounding regions and beyond.

Financial Overview:
Current Income:

Commercial Units:
Unit 1: £300 per month
Unit 2: £600 per month
Ensuite Rooms: The rental income from the four ensuite rooms adds another layer of financial stability, with high occupancy rates reflecting the demand for quality rental accommodations in the area, generating a combined £1,350 per month.
Total Monthly Income: £2,250
Annual Income: £27,000

Price: £189,950

Gross Rental Yield: Approximately 14.2% per annum, an attractive return compared to typical property investments.