£50,000
(£50,000.00/sq. ft)
Pub/bar for saleNorton Road, Stockton-On-Tees TS18
1 sq. ft
About this property
Tenanted Investment
Licensed Premises
12% Return
Prime Location
A tenanted investment in the heart of Stockton offering a great yield of 12% !
The property which is currently occupied as a licensed pub is held on a 5 year lease signed September 2022 expiring in 2027. Currently achieving £8,000 per annum rental income.
The current tenants did a full fit out of the property and it is excellently decorated, comprised of the main bar, separate male and female wc's and a full size basement cellar .
The ground floor unit is held on a Long Leasehold basis signed in 2003 on a 125 year lease, the current ground rent payable is £520 per annum .
After ground rent is payed this means the rent profit is £7,480, an excellent investment for any buyer.
The property which is currently occupied as a licensed pub is held on a 5 year lease signed September 2022 expiring in 2027. Currently achieving £8,000 per annum rental income.
The current tenants did a full fit out of the property and it is excellently decorated, comprised of the main bar, separate male and female wc's and a full size basement cellar .
The ground floor unit is held on a Long Leasehold basis signed in 2003 on a 125 year lease, the current ground rent payable is £520 per annum .
After ground rent is payed this means the rent profit is £7,480, an excellent investment for any buyer.
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