Investment Properties for sale in North Yorkshire

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S Martin (Feb 2013)
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Business Description

The Business Partnership is delighted to offer this mixed use commercial property for sale.  Positioned in a good location the premises hosts two business tenants and two flats.

This is an opportunity to acquire a high yield investment property that comprises of a successful music school, a popular hairdresser and two flats

The town sits within the Tees Valley region of the North East of England, and the wider borough had a population of 191,000 in 2011 estimates.

Stockton town centre is the main centre within the borough.   The town centre retail is largely concentrated within two shopping centres, Castlegate and Wellington Square.. The Teesquay Millennium Footbridge  links the rear of the Castlegate Centre to Castlegate Quay and then onto Durham University - Queen's Campus and Teesdale Business Park. At the north west end of the town centre is Wellington Square shopping centre. Opened in 2001 at a cost of £43m, it provides 46 shop units, and includes Marks & Spencer, Debenham's and car parking.

There is further investment in Stockton with a £300 million development on the Northshore of the Tees.  Northshore will create new offices, homes, retail, hotels, restaurants, bars, cafes and leisure facilities all set within a high quality waterside environment.  It will provide nearly 4,500 new jobs and homes for approximately 500 people

Music School

Rent £4160

Size 43.9 sq. m

RV £1925

Lease 01/03/2013-28/02/2018


Rent £4680

Size 32.9sq m

RV £3400

Lease 18/02/2013-17/02/2018


Two flats both with Assured Short Hold Tenancies income per flat £4680 = £9360.


Rent p.a  £856.

Vat   Any reference to price, premium or rent is deemed to be exclusive of VAT (if applicable) thereon. Where rents are quoted as inclusive figures this does not include VAT. Interested parties should clarify the incidence of VAT in any event with their legal advisors.

Viewing   Strictly by appointment only through agents.

Energy Performance Asset Rating Available upon request

Rating information Available Upon Request

Listed by: Business Partnership
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