8 Bedroom Parking Garage / Parking for sale in David Road, Norton, Stockton-On-Tees, TS20 2EY

8 Bedroom Parking Garage / Parking - £420,000

David Road, Norton, Stockton-On-Tees, TS20 2EY

Could this be your next home?

Request viewing to see more of this property
Request viewing
Need a mortgage to purchase this home?
View my affordability

First listed on: 23rd February 2022

Nearest stations: Stockton (0.9 mi)Thornaby (1.4 mi)Billingham (2.1 mi)Middlesbrough (2.9 mi)Eaglescliffe (3.8 mi)

Interested in this property? Call See phone number 01642 601601

Property Features

  • Energy Rating NA
  • Potential Gross Yield 9%
  • Business Investment Port Folio
  • 50% Occupancy With Long Term Tenants
  • Parking And Communal Gardens

Property Description

Tenure: Freehold

*BUSINESS INVESTMENT PORT FOLIO*Potential Gross Yield 9%*50% Occupancy*2 Freehold blocks of 4 apartments* 8 x 1Bedroom apartments in total* Well presented* Convenient for amenities*


Agents Note    ATTENTION INVESTORS.

A fantastic buy to let opportunity offering two freehold apartment blocks, each with four individual one bedroom apartments. Based on achieving 95 per week this development offers a potential gross yield of 9% and an annual income of ?39,520.

Each flat has its own independent access and enjoys wall mounted electric oiled filled heating system with electric immersion for hot water.

To the ground floor the flats comprise of an entrance lobby through to the lounge which is flooded with natural light from the double glazed window.

A spacious inner hall leads to the kitchen which is fitted with a range of base and wall units, drawers and work surfaces together with sink tap and splash backs. There's also space for a range of appliances.

Moving through the accommodation the double bedroom is served by the bathroom which is finished with a white suite.

To the first floor, the flats are virtually identical in their layout to those on the ground floor with the exception of the entrance lobby leading directly to the inner hall on the first floor.

Externally there are gardens and parking. Currently 50% of the apartments are occupied on a month to month basis giving the new buyer the flexibility to renew for longer periods if desired and the existing tenants have been in residence for a long duration, hence long term tenants.

David Road is well placed for the hustle and bustle of Norton village which offers a range of specialist shops and bars with an array of places to eat and drink well into the evening.

There are also a range of professional services and access to public transport. Stockton and Thornaby Railway stations are within the vicinity and the development is conveniently situated for road networks.

To fully appreciate, buyers are urged to contact Reeds Rains at their earliest opportunity to arrange a viewing.

GROUND FLOOR APARTMENTS    Entrance Lobby
Lounge 4.38 x 3.57
Inner Hall
Kitchen 2.56 x 2.54
Bedroom 3.6 x 2.72
Bathroom

FIRST FLOOR APARTMENTS    First floor landing
Lounge 4.4 x 3.56
Kitchen 2.59 x 2.58
Bedroom 3.66 x 2.72
Bathroom

Buyers Note    The apartments cannot be purchased separately or in separate blocks.


IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

STO220081/
*BUSINESS INVESTMENT PORT FOLIO*Potential Gross Yield 9%*50% Occupancy*2 Freehold blocks of 4 apartments* 8 x 1Bedroom apartments in total* Well presented* Convenient for amenities*


Agents Note    ATTENTION INVESTORS.

A fantastic buy to let opportunity offering two freehold apartment blocks, each with four individual one bedroom apartments. Based on achieving 95 per week this development offers a potential gross yield of 9% and an annual income of ?39,520.

Each flat has its own independent access and enjoys wall mounted electric oiled filled heating system with electric immersion for hot water.

To the ground floor the flats comprise of an entrance lobby through to the lounge which is flooded with natural light from the double glazed window.

A spacious inner hall leads to the kitchen which is fitted with a range of base and wall units, drawers and work surfaces together with sink tap and splash backs. There's also space for a range of appliances.

Moving through the accommodation the double bedroom is served by the bathroom which is finished with a white suite.

To the first floor, the flats are virtually identical in their layout to those on the ground floor with the exception of the entrance lobby leading directly to the inner hall on the first floor.

Externally there are gardens and parking. Currently 50% of the apartments are occupied on a month to month basis giving the new buyer the flexibility to renew for longer periods if desired and the existing tenants have been in residence for a long duration, hence long term tenants.

David Road is well placed for the hustle and bustle of Norton village which offers a range of specialist shops and bars with an array of places to eat and drink well into the evening.

There are also a range of professional services and access to public transport. Stockton and Thornaby Railway stations are within the vicinity and the development is conveniently situated for road networks.

To fully appreciate, buyers are urged to contact Reeds Rains at their earliest opportunity to arrange a viewing.

GROUND FLOOR APARTMENTS    Entrance Lobby
Lounge 4.38 x 3.57
Inner Hall
Kitchen 2.56 x 2.54
Bedroom 3.6 x 2.72
Bathroom

FIRST FLOOR APARTMENTS    First floor landing
Lounge 4.4 x 3.56
Kitchen 2.59 x 2.58
Bedroom 3.66 x 2.72
Bathroom

Buyers Note    The apartments cannot be purchased separately or in separate blocks.


IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

STO220081/
Read more

Useful Statistics In Your Area

We have collected some useful information to help you learn more about your area and how it may affect it's value. This could be useful for those already living in the area, those considering a move or a purchase of a buy-to-let investment in the area.

Price Trends

Local Statistics

Property Location

Property Street View

Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
06/08/2022 Property listed at £420,000
23/02/2022 Property listed at £210,000

Property Floorplans

Floorplan More Information

Disclaimer

Disclaimer Property reference RR_46938_STO220081. Details are provided and maintained by Reeds Rains. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

11 Silver Street

Stockton-on-Tees

TS18 1SX

Telephone: See phone number 01642 601601

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

Disclaimer

Disclaimer Property reference RR_46938_STO220081. Details are provided and maintained by Reeds Rains. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

Mortgage Calculator

Calculate the cost of a mortgage for your new home based on available data.

£ 0 per month
How much could I borrow?
Thinking of selling or renting your property?
Get a instant valuation today!

This property is marketed by

11 Silver Street

Stockton-on-Tees

TS18 1SX

Telephone: See phone number 01642 601601

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

Free Instant Valuation

Find out more about the value of your property

Register For Free

Create an account for free today to unlock some great features of Net House Prices.

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability
Show Sidebar
Free House Valuation

More Information Instant House Valuation With your local agents