Maxwell's Corner, Norton Road, Stockton-on-Tees, Stockton-on-Tees
9,795 sq ft
Description
- Price Offers in the region of £350,000
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.
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.
BUILDING HIGHLIGHTS
Local landmark
