Retail premises for sale in Norton Road, Stockton-On-Tees TS18
Property features
- Popular Location
- 4 Upstairs Flats
- Development Opportunity
- Downstairs Tenant
Property description
A fantastic investment property in the heart of Stockton, the ground floor tenant which has been in occupation since 30th January 2016 has a lease which expires in 2031, the tenant does have one final break clause in January 2026.
The ground floor tenant are paying £20,000 per annum
Upstairs the property is composed of 4 1 bedroom flats, 3 of these flats are accessed via the small rear yard and up a flight of stairs, with one having access from the main street, the flats were previously occupied and managed by Thirteen Housing Group. As can be seen from the images the flats require some work and have been stripped back to remove the asbestos
There is scope for a buyer to develop the upstairs flats then either lease these of sell these off thus enlarging the properties potential return.
Ground Floor - 1436.66 SqFt
Basement - 840.23 SqFt
For Sale: £295,000
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Parker Barras, TS2 on +44 1642 966828 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Parker Barras, and do not constitute property particulars. Please contact Parker Barras for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
.png){kind=logo}