Property for sale

Norton Road, Stockton-On-Tees TS18

We are instructed, on behalf of our client, to offer for sale two fully let investment properties producing a combined income of £53,460 per annum. The portfolio presents clear asset management potential and offers an attractive initial yield of 10.18%, rising to a reversionary yield of 12.96%.

131 Norton Road
A mid-terrace, mixed-use property arranged over ground, first and second floors. The building comprises a ground floor commercial unit, three studio apartments, and two one-bedroom flats.
The ground floor commercial unit will be sold with vacant possession, providing an excellent opportunity for re-letting or potential conversion to two residential units (subject to planning).
All residential apartments are fully furnished, with separate gas and electricity supplies, valid CP12 and eicr certificates, and are let to professional tenants. The property currently generates an income of £26,520 per annum.

137 Norton Road
A mid-terrace residential investment property, converted in 2024 into four self-contained apartments with full building regulations approval. The accommodation is arranged over ground, first, and second floors.

All units are fully furnished and benefit from separate gas and electricity supplies, CP12 and eicr certification, and EPC ratings of C. The apartments are let to professional tenants and currently produce an annual income of £29,940.

Legal Costs
Each party is responsible for their own legal costs.
VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Aml Regulations
In accordance with Anti-money Laundering Regulations the Purchaser/tenant will be required to provide two forms of identification and proof of the source of income.