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321 Norton Rd

750 SF Retail Unit Offered at £90,000 in Stockton On Tees TS20 2PT

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Investment Highlights

Located at a main road
In-line

Close to public transport

Executive Summary

Storefront building at the ground floor built around 1890. The building is located at a main road. Close to the bus station and all facilities. Easy access by car, it is approximately 5 mins from the A19.

Property Facts

Price	£90,000	Building Class	C
Unit Size	750 SF	Number of Floors	2
No. Units	1	Typical Floor Size	375 SF
Total Building Size	750 SF	Year Built	1890
Property Type	Retail (Unit)	Tenancy	Single
Property Subtype	Storefront Retail/Residential	Lot Size	0.04 AC
Sale Type	Investment

Price	£90,000
Unit Size	750 SF
No. Units	1
Total Building Size	750 SF
Property Type	Retail (Unit)
Property Subtype	Storefront Retail/Residential
Sale Type	Investment
Building Class	C
Number of Floors	2
Typical Floor Size	375 SF
Year Built	1890
Tenancy	Single
Lot Size	0.04 AC

1 Unit Available

Unit retail

Unit Size	750 SF	Sale Type	Investment
Price	£90,000	Tenure	Long Leasehold
Price Per SF	£120.00	Net Initial Yield	8.63%
Unit Use	Retail	NOI	£7,770

Unit Size	750 SF
Price	£90,000
Price Per SF	£120.00
Unit Use	Retail
Sale Type	Investment
Tenure	Long Leasehold
Net Initial Yield	8.63%
NOI	£7,770

Description

Ground floor retail unit let to Niche Hair Salon producing £7,800 per year.

Sale Notes

Investment sale, the lease was dated April 2021 for a term of 7 years.

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