Summary - Hartington Road, Stockton, Stockton-on-Tees, Durham, TS18 1HE TS18 1HE
1 bed 1 bath Retail Property (high street)
High-yield retail and flats with clear scope to add an extra unit.
Freehold high-street retail with two first-floor flats
A high-street freehold with strong headline yield and clear upside for an investor prepared to act at auction. The ground-floor shop and two first-floor flats currently produce rental income and the rear first-floor store could be converted (subject to permissions) into an additional unit to boost returns further.
One apartment is a long-standing let; the shop and the other flat are offered with vacant possession and would relet with light updating. The vendor has indicated previous rents around £350pcm with achievable rents of c. £400pcm per flat — the listing estimates a combined gross yield of about 12.4% at the asking price.
Practical considerations: the property sits in a very deprived area with high local crime statistics and will be sold at auction (fees apply). Some cosmetic work is needed in one flat and the shop finishes are dated; conversion of the large rear store will require planning or change-of-use permissions and a budget for refurbishment. Confirm mining status and service details with your conveyancer before purchase.
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