Property Information
Address:
Maxwell's Corner, Norton Road, Stockton-on-Tees, County Durham
, TS18 2AA
, County Durham
, United Kingdom
Price: Property no longer available.
Size: 9795 sq ft910 sqm
Primary Category: Investment
All Categories:
Investment, Shop,
Property Ref/Movehut: MH673878
Property Ref/Agent: 111695
*Please use the agent ref when calling the agent directly.
Property description
RETAIL & INDEX LINKED RESIDENTIAL INVESTMENT OPPORTUNITY
Maxwell's Corner is a local landmark centrally located in Stockton.
Stockton and the wider Teesside area are undergoing transformational levels of investment and development.
One 5 bedroom apartment and one 6 bedroom apartment let on 7 year annual CPI index linked leases underlet to Mears Group PLC from November 2019 at a combined £23,450 per annum. There is an option to extend for a further 3 years.
Seeking offers of £350,000 (Three Hundred and Fifty Thousand Pounds) reflecting a Net Initial Yield of 9.2% after purchaser costs of 3.7% with vendors top up on the ground floor.
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