Offers in region of
£825,000
(£23.67/sq. ft)
Leisure/hospitality for saleInvestment Premises For Sale In Stockton, The Fairfield Public House, Fairfield Road, Stockton-On-Tees TS19
34,848 sq. ft
EPC Rating: C
Freehold
About this property
Prominent Location
Freehold Interest
Fri Lease to Stonegate Pub Company Ltd
Offers in the region of £825,000 reflecting 6.89% net initial yield
Subject to Contract
Description
The property comprises a two storey public house which has been extended at ground floor level. The ground floor comprises several public rooms together with a central bar and seating to the rear and a side conservatory. The first floor comprises a four bedroom private dwelling as well as a former function room.
The property is of brick construction surmounted by a dual pitched timber frame roof with tile covering and timber frame windows. The ground floor extension is also of brick construction with a flat roof and felt covering. The premises benefits from a large car park and drive-in access to the rear for loading purposes.
Location
Stockton on Tees has a resident population of some 180,000 and is a major commercial centre located approximately 30 miles south of Newcastle upon Tyne and 4 miles west of Middlesbrough. Stockton on Tees benefits from excellent road communications, being 2 miles west of the A19 and 1 mile north of the A66 dual carriageway, which links the A19 with the A1(M) and runs further to the west coast and Cumbria.
The property is located on Fairfield Road and is situated within a predominantly residential area on the outskirts of Stockton on Tees. Other commercial occupiers within the immediate vicinity include Fairfield Library which is situated adjacent to the subject premises and Ian Ramsey Church of England Academy which is located to the rear.
Terms
Offers are invited in the region of £825,000 reflecting a net initial yield of 6.89% taking into account purchaser's costs at 5.53%.
The property comprises a two storey public house which has been extended at ground floor level. The ground floor comprises several public rooms together with a central bar and seating to the rear and a side conservatory. The first floor comprises a four bedroom private dwelling as well as a former function room.
The property is of brick construction surmounted by a dual pitched timber frame roof with tile covering and timber frame windows. The ground floor extension is also of brick construction with a flat roof and felt covering. The premises benefits from a large car park and drive-in access to the rear for loading purposes.
Location
Stockton on Tees has a resident population of some 180,000 and is a major commercial centre located approximately 30 miles south of Newcastle upon Tyne and 4 miles west of Middlesbrough. Stockton on Tees benefits from excellent road communications, being 2 miles west of the A19 and 1 mile north of the A66 dual carriageway, which links the A19 with the A1(M) and runs further to the west coast and Cumbria.
The property is located on Fairfield Road and is situated within a predominantly residential area on the outskirts of Stockton on Tees. Other commercial occupiers within the immediate vicinity include Fairfield Library which is situated adjacent to the subject premises and Ian Ramsey Church of England Academy which is located to the rear.
Terms
Offers are invited in the region of £825,000 reflecting a net initial yield of 6.89% taking into account purchaser's costs at 5.53%.
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