TS20 2BG - 6 bedroom block of apartments for sale in 140144 Norton Roa…

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6 bedroom block of apartments for sale in 140-144 Norton Road, Stockton-On-Tees, Durham, TS20

Summary - Flat 1, 140-144 Norton Road, STOCKTON-ON-TEES TS20 2BG

6 bed 1 bath Block of Apartments

### Standout Features:
- **Block of 5 Self-Contained Flats**: Newly renovated
- **High Rental Yield**: 14.25%, with an annual rental income of £28,500
- **100% Occupancy**: Strong demand with all units rented on assured short-hold tenancies
- **Prime Location**: Within 0.5 miles of Stockton Train Station and in proximity to amenities including shops and schools
- **Long Lease**: 999 years remaining, with peppercorn ground rent
- **Great Connectivity**: Excellent road access and public transport links

### Summary:
This newly renovated block of five self-contained flats in Stockton-on-Tees presents an excellent investment opportunity with a stellar gross initial yield of 14.25%. Boasting 100% occupancy, each of the spacious one-bedroom apartments is performing well on long-term assured short-hold tenancies, generating a combined rental income of £28,500 annually.

Located in a rapidly developing area close to Stockton Train Station, this property is well-situated amid local shops, eateries, and schools, making it attractive for renters. With the advantage of a 999-year lease and no VAT applicable, this offering combines stability, comfort, and excellent potential for future capital growth. Although the local area faces socio-economic challenges, the demand for rental properties remains high, ensuring that your investment is not only secure but also poised for continued success. Don’t miss out on this unique chance to acquire a strong performing asset!

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