Residential Portfolio at Trinity Mews, Thornaby, Stockton-on-tees

Guide price

£850,000

Size

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Tenure

Freehold

EPC

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Parking

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Primary use
Land
Other use(s)
Residential development

No floor / site plan

Building amenities

Additional costs may apply for some services – please check the full property description for more details.

  • Parking
  • Transport links
  • Central heating
  • Professional management

Key features

  • 100% let Residential Investment Portfolio - Freehold and Long Leasehold (999-year)
  • Fully let to Mears Ltd with 3+ years unexpired
  • Annual CPIH index-linked rent reviews
  • Excellent location opposite both the Queen's Campus of Durham University and Stockton Riverside College

Description

Freehold and Long Leasehold Residential Investment Portfolio. Fully let 11-unit residential invest portfolio 100% let to Mears Ltd with an average unexpired term of 3+ years. Each unit is let with annual index-linked uplifts to CPIH.

The portfolio comprises of 10 units located in Trinity Mews, with a further unit located in Anchorage Mews. The portfolio comprises 9 houses (freehold) and a maisonette and flat (999-year long leasehold interests at peppercorn rent).

The portfolio is superbly located immediately opposite the Queen's Campus of Durham University and also Stockton Riverside College.

Stockon-on-Tees town centre is within walking distance (c.1 miles) and Middlesbrough town centre is easily accessible by bus (c. 10-minute journey).

Each unit is let to Mears Ltd with each lease at least 3-years unexpired. All leases are subject to CPIH index-linked annual reviews. Mears Limited is a major providing of local authority and social housing. Year End accounts to December 2024 show revenue of £991m and pre-tax profits of £58.2m.
Additional information
Service charge
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Business rates
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Use class
C3
Listed building
No
Business for sale
No
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Residential Portfolio at Trinity Mews, Thornaby, Stockton-on-tees

NEAREST STATIONS

National Rail

Thornaby Station

0.21 miles

National Rail

Stockton Station

0.87 miles

National Rail

Middlesbrough Station

2.91 miles

About Gordon Brothers, London

Gordon Brothers, London

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Disclaimer - Property reference ThornabyResiInvestment. 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 Gordon Brothers, London. 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.