Tenanted Apartment Block – 5 Flats
Location: Stockton on Tees
A £50,000 below market value, income producing freehold block consisting of 5 x 1 bedroom flats and a commercial unit.
All 5 apartments are leased to Stockton flats. Stockton Flats are a well-established company around the Teesside area with over 40 years of experience owning and letting residential property.
With huge potential to increase rentals to generate £1,840 PCM / £22,080 PA once lease has expired! With the commercial unit locked in until May 2022.
Currently generating £1,492 PA / £17,912.50 PA, offering £930 PCM NET cashflow after management, mortgage and bills reductions.
In the heart of Stockton-on-Tees – a market town in North East England to which has undergone £60 million pound spend by the local council.
Situated in a very popular part of the Town Centre, walking distance to Stockton High Street, Castlegate Shopping Centre and no more than 6-minutes to Thornaby Train Station and Durham University’s Queen Campus. A Prime Property Agents exclusive, offered at £50,000 below market value based on advised values.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.