Maxwell's Corner, Norton Road, Stockton-on-Tees, County Durham, TS18 2AA
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REF NUMBER: 111695
Maxwell's Corner, Norton Road, Stockton-on-Tees, County Durham, TS18 2AA
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Agent's Details
Jamie Sim
T: 07940 951 776
Simon Beanland
T: 07885 459270
9,795 SqFt
(910 SqM)
For Sale £350,000 Offers in excess of
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.
Maxwell's Corner, Norton Road, Stockton-on-Tees, County Durham, TS18 2AA
Share to Social
Agent's Details
Jamie Sim
T: 07940 951 776
Simon Beanland
T: 07885 459270
Location
Closest Airport
The nearest aiport is Teesside International Airport. It is located 8.95 miles away and is approximately 16 minutes driving time.
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Closest Station
The nearest station is Stockton. It is located 0.25 miles away and is approximately 6 minutes walking time.
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