Latest Valuation
£5,067,100
ROCE
%
Location
Stockton-On-Tees

Outstanding Freehold Block of 58 BTL Flats to be Offered with an FRI Lease

All units have been fully refurbished, there are no voids or letting fees and all flats boast a strong yield.
Guide Price
£4,750,000

Share this page

Enquire about this property

Key Features

  • Freehold block of 58 apartments
  • To be offered with a new 5 year lease on FRI terms
  • All units have been newly refurbished
  • Strong buy-to-let opportunity
  • High yield

The Property

Sourced are proud to present this outstanding freehold block of 58 BTL flats to be offered with an FRI lease in Stockton-On-Tees.

The building is to be offered with a new 5 year lease on FRI terms therefore no voids or letting fees.

The block has 13 parking spaces and a private and secure garden which has been well maintained.

There is a lift providing access to each floor and a communal laundry room. The apartments benefit from a communal gas central heating system and electricity is individually metered. The windows are uPVC double glazed.

Selling Office: City of London

Planning Information

N/A

The Plan

Buy-to-let.

Freehold block of flats offering a strong yield.

The Financials:

Purchase price: £4,750,000
Current value: £5,067,100
Rental income: £278,400 pa

The Location

Stockton-on-Tees is situated in County Durham, approximately 59km south of Newcastle upon Tyne.

The town centre has undergone a £38 million redevelopment to enhance the town’s public spaces and accessibility. The centre offers a variety of high street retailers, independent shops and services.

Average estimated value for a house in

£

Properties in Stockton-On-Tees had an overall average price of £137,675 over the last year.

Content missing