Skinner Street, The Town House, TS18
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
18
- SIZE
710 sq ft
66 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Fully Let Residential Units: 18 well-maintained apartments ranging from 2 to 5 bedrooms, providing a diverse tenant base and steady rental income
- Ground Floor Commercial Unit: A fully let restaurant with a successful 4-year tenancy, offering a reliable source of commercial income
- Strong Rental Income: Currently achieving an impressive £221,160 per annum, delivering excellent return on investment
- Private Parking: Ample off-street parking to the rear, providing convenience for both residential tenants and commercial customers
- Prime Location: Situated in the heart of Stockton-On-Tees, close to local amenities, transport links, and the town centre, ensuring high demand from tenants
- Mixed-Use Investment: A combination of residential and commercial spaces that offers both immediate cash flow and long-term capital growth potential
- Floorplan Available: Detailed floorplans can be provided upon request, giving you a clear layout of the property for better investment insight
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
Description
We are pleased to offer The Town House for sale, a large freehold investment property located at Skinner Street, Stockton-On-Tees, TS18 1DY. This property consists of 18 fully let apartments ranging from 2 to 5 bedrooms, offering a mix of accommodation for tenants.
On the ground floor, there are commercial units, one of which has been rented as a restaurant for the last 4 years, providing stable rental income. The property also has private parking to the rear, making it convenient for both tenants and customers.
The property currently generates an annual rent of £221,160, offering a reliable income stream. Located in the heart of Stockton-On-Tees, it’s close to local amenities, transport links, and the town centre, making it an attractive spot for tenants.
This mixed-use property provides both immediate rental income and long-term potential. The property will be sold via Modern Method of Auction, ensuring a simple and transparent process for buyers. Interested parties are encouraged to register their interest early to secure this excellent investment opportunity.
EPC Rating: C
AUCTIONEERS COMMENTS
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
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The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Skinner Street, The Town House, TS18
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Visit our security centre to find out moreDisclaimer - Property reference 58c058bd-f603-491c-b304-a74fae10d1ed. 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 G.R. Estates, Stockton-on-Tees. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call G.R. Estates, Stockton-on-Tees on 01642 378022.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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