Pub/bar for sale
Norton Road, Stockton-On-Tees TS18
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Tenanted Investment
- Licensed Premises
- 12% Return
- Prime Location
Property description
The property which is currently occupied as a licensed pub is held on a 5 year lease signed September 2022 expiring in 2027. Currently achieving £8,000 per annum rental income.
The current tenants did a full fit out of the property and it is excellently decorated, comprised of the main bar, separate male and female wc's and a full size basement cellar .
The ground floor unit is held on a Long Leasehold basis signed in 2003 on a 125 year lease, the current ground rent payable is £520 per annum .
After ground rent is payed this means the rent profit is £7,480, an excellent investment for any buyer.
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
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 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.
Marketed by
.png){kind=logo}
Parker Barras
(view all property for sale)
The Qube, Windward Way, Middlesbrough, TS2 1QG
Call +44 1642 966828 *