£600,000
Retail premises for saleLeven Road, Norton, Stockton-On-Tees TS20
About this property
Summary
For Sale Freehold Investment/ Development Opportunity 600,000
Detached building providing mixed use accommodation with an income of 52,540 per annum (fully occupied)
The ground floor units are leased to established businesses that have been in occupation for in excess of 10 years and provide retail services to the local area. The convenience store houses the only post office in the Norton area and as such provides essential services to the surrounding area.
The upper floors provide spacious residential accommodation in the form of 3 flats.
64A and 64B have a shared ground floor entrance
66A has its own entrance.
The Ground Floor Shop (Spar) 64 Leven Road is leased to North East Convenience Stores Ltd on a 15 year Fri lease which commenced on November 2011 with a passing rent of 22,000 per annum.
The Ground Floor (Takeaway) 66 Leven Road is let on a 15 year Fri lease which commenced on 1st September
2019 with a passing rent of 9,600 per Annum.
The first floor apartments are accessed with separate entrances and comprise of 3 spacious apartments which are fully let.
Flat 64A is currently let at 500 per month
flat 64B is currently let at 595 per month
flat 66A is currently let at 650 per month
Location
The property is excellently located on Leven Road, a large road which runs through Stockton-on-Tees, County Durham. The surrounding area is an established mixed commercial and residential area, with plenty of other businesses and amenities nearby. The property is close to great transport links, being just opposite a bus stop and only a short distance from Stockton train station.
Accomodation
Detached building providing mixed use accommodation with an income of 52,540 per annum (fully occupied). The ground floor units are leased to established businesses that have been in occupation for in excess of 10 years. The upper floors provide spacious residential accommodation in the form of 3 flats.
64A and 64B have a shared ground floor entrance
66A has its own entrance.
The Ground Floor Shop (Spar) 64 Leven Road is leased to North East Convenience Stores Ltd on a 15 year Fri lease which commenced on November 2011 with a passing rent of 22,000 per annum.
The Ground Floor (Takeaway) 66 Leven Road is let on a 15 year Fri lease which commenced on 1st September
2019 with a passing rent of 9,600 per Annum.
The first floor apartments are accessed with separate entrances and comprise of 3 spacious apartments which are fully let.
Flat 64A is currently let at 500 per month
flat 64B is currently let at 595 per month
flat 66A is currently let at 650 per month
Tenure
Freehold. Title number CE92497
Rateable Value
The current rateable value is 21,750 (1 April 2023 to present). (payable by tenant)
Sourced from voa.
EPC
Available Upon Request (Rating D)
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on
. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection
For Sale Freehold Investment/ Development Opportunity 600,000
Detached building providing mixed use accommodation with an income of 52,540 per annum (fully occupied)
The ground floor units are leased to established businesses that have been in occupation for in excess of 10 years and provide retail services to the local area. The convenience store houses the only post office in the Norton area and as such provides essential services to the surrounding area.
The upper floors provide spacious residential accommodation in the form of 3 flats.
64A and 64B have a shared ground floor entrance
66A has its own entrance.
The Ground Floor Shop (Spar) 64 Leven Road is leased to North East Convenience Stores Ltd on a 15 year Fri lease which commenced on November 2011 with a passing rent of 22,000 per annum.
The Ground Floor (Takeaway) 66 Leven Road is let on a 15 year Fri lease which commenced on 1st September
2019 with a passing rent of 9,600 per Annum.
The first floor apartments are accessed with separate entrances and comprise of 3 spacious apartments which are fully let.
Flat 64A is currently let at 500 per month
flat 64B is currently let at 595 per month
flat 66A is currently let at 650 per month
Location
The property is excellently located on Leven Road, a large road which runs through Stockton-on-Tees, County Durham. The surrounding area is an established mixed commercial and residential area, with plenty of other businesses and amenities nearby. The property is close to great transport links, being just opposite a bus stop and only a short distance from Stockton train station.
Accomodation
Detached building providing mixed use accommodation with an income of 52,540 per annum (fully occupied). The ground floor units are leased to established businesses that have been in occupation for in excess of 10 years. The upper floors provide spacious residential accommodation in the form of 3 flats.
64A and 64B have a shared ground floor entrance
66A has its own entrance.
The Ground Floor Shop (Spar) 64 Leven Road is leased to North East Convenience Stores Ltd on a 15 year Fri lease which commenced on November 2011 with a passing rent of 22,000 per annum.
The Ground Floor (Takeaway) 66 Leven Road is let on a 15 year Fri lease which commenced on 1st September
2019 with a passing rent of 9,600 per Annum.
The first floor apartments are accessed with separate entrances and comprise of 3 spacious apartments which are fully let.
Flat 64A is currently let at 500 per month
flat 64B is currently let at 595 per month
flat 66A is currently let at 650 per month
Tenure
Freehold. Title number CE92497
Rateable Value
The current rateable value is 21,750 (1 April 2023 to present). (payable by tenant)
Sourced from voa.
EPC
Available Upon Request (Rating D)
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on
. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection
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