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Property details
Map & nearby

Retail premises for sale in Norton Road, Stockton-On-Tees

Investment

1 of 1

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Property features

Popular Location
Great Investment
10% Yield
Fully Tenanted

Property description

Freehold Investment Opportunity, Norton Rd, Stockton on Tees, TS18 2BW

This huge property based in Stockton is comprised of 3 ground floor retail units and 4 upper flats.

The total generated income is £30,120 Per Annum offering a highly attractive 10% yield

The rental breakdown is as follows.

5 Norton Rd - £5,200 per annum, new lease signed March 2024

7 Norton Rd - £5,200 per annum, new lease signed April 2024

9 Norton Rd - £520 per annum, sold on a long leasehold dated 2003

Flat 1 - £4,800 per annum, AST

Flat 2 - £4,800 per annum, AST

Flat 3 - £4,800 per annum, AST

Flat 4 - £4,800 per annum, AST

This prime location property is a great investment in the heart of the town.

This property is not elected for VAT.

For further information please contact our office

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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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 Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.