Maxwell's Corner, Norton Road, Stockton-on-Tees, TS18 2AA
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REF NUMBER: AI214691
Maxwell's Corner, Norton Road, Stockton-on-Tees, TS18 2AA
Agent's Details
Jamie Sim
T: 07940 951776
Simon Beanland
T: 07885 459270
9,795 SqFt
(910 SqM)
For Sale £ 350000
- Local landmark
RETAIL AND 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.