Retail premises for sale in Norton Road, Stockton-On-Tees TS18
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Property features
- Popular Location
- Great Investment
- 10% Yield
- Fully Tenanted
Property description
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
* 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.
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