Retail premises for sale

19-23 Norton Road, Stockton-on-Tees, TS18 2BW

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