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.

BUILDING HIGHLIGHTS

Local landmark

Downloads

Brochure

Team

Jamie Sim

07940 951776
0191 269 0062

Simon Beanland

07885 459270
0191 269 0512