19 Bishop Street
Stockton-on-Tees
TS18 1SY
Skinner Street, The Town House, TS18
Guide Price £1,100,000
18 Bedroom Block of Flats
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
- Fully Let Residential Units: 18 well-maintained apartments ranging from 2 to 5 bedrooms, providing a diverse tenant base and steady rental income
- Ground Floor Commercial Unit: A fully let restaurant with a successful 4-year tenancy, offering a reliable source of commercial income
- Strong Rental Income: Currently achieving an impressive £221,160 per annum, delivering excellent return on investment
- Private Parking: Ample off-street parking to the rear, providing convenience for both residential tenants and commercial customers
- Prime Location: Situated in the heart of Stockton-On-Tees, close to local amenities, transport links, and the town centre, ensuring high demand from tenants
- Mixed-Use Investment: A combination of residential and commercial spaces that offers both immediate cash flow and long-term capital growth potential
- Floorplan Available: Detailed floorplans can be provided upon request, giving you a clear layout of the property for better investment insight
We are pleased to offer The Town House for sale, a large freehold investment property located at Skinner Street, Stockton-On-Tees, TS18 1DY. This property consists of 18 fully let apartments ranging from 2 to 5 bedrooms, offering a mix of accommodation for tenants.On the ground floor, there are commercial units, one of which has been rented as a restaurant for the last 4 years, providing stable rental income. The property also has private parking to the rear, making it convenient for both tenants and customers.The property currently generates an annual rent of £221,160, offering a reliable income stream. Located in the heart of Stockton-On-Tees, it’s close to local amenities, transport links, and the town centre, making it an attractive spot for tenants.This mixed-use property provides both immediate rental income and long-term potential. The property will be sold via Modern Method of Auction, ensuring a simple and transparent process for buyers. Interested parties are encouraged to register their interest early to secure this excellent investment opportunity.
AUCTIONEERS COMMENTS
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
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The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Full Description
We are pleased to offer The Town House for sale, a large freehold investment property located at Skinner Street, Stockton-On-Tees, TS18 1DY. This property consists of 18 fully let apartments ranging from 2 to 5 bedrooms, offering a mix of accommodation for tenants.On the ground floor, there are commercial units, one of which has been rented as a restaurant for the last 4 years, providing stable rental income. The property also has private parking to the rear, making it convenient for both tenants and customers.The property currently generates an annual rent of £221,160, offering a reliable income stream. Located in the heart of Stockton-On-Tees, it’s close to local amenities, transport links, and the town centre, making it an attractive spot for tenants.This mixed-use property provides both immediate rental income and long-term potential. The property will be sold via Modern Method of Auction, ensuring a simple and transparent process for buyers. Interested parties are encouraged to register their interest early to secure this excellent investment opportunity.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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