Maxwell's Corner, Norton Road, Stockton-on-Tees, County Durham, TS18 2AA

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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

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.