Lot 144
    Flat
    5 Flats at
    140-144 Norton Road, Norton, Stockton-on-Tees, TS20 2BG
    Please refer to auctioneer for more information
     
    Number 1
    A Residential Investment Comprising 5 x One Bedroom Self-Contained Flats Fully Let Producing £27,600 Per Annum

    Description

    The property comprises 5 x one bedroom flats situated on the first and second floors within a mixed use building arranged over ground and two upper floors.

    Tenure

    Leasehold. The property will be held on a 999 year lease from completion.

    Location

    The property is situated on a mixed use road close to local shops and amenities. The open spaces of Queen's Park are within easy reach. Transport links are provided by Stockton rail station.

    Note

    The property has not been inspected by Auction House London. All information has been supplied by the vendor.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    Flat 1 First Reception Room/Kitchen, Bedroom, Bathroom 33 sq m (355 sq ft) 12 month AST from 15th May 2023 £5,400 Per Annum
    Flat 2 First Reception Room/Kitchen, Bedroom, Bathroom 27 sq m (290 sq ft) 12 month AST from 2nd August 2023 £5,400 Per Annum
    Flat 3 First Reception Room/Kitchen, Bedroom, Bathroom 28 sq m (301 sq ft) 12 month AST from 1st November 2023 £5,400 Per Annum
    Flat 4 First Reception Room/Kitchen, Bedroom, Bathroom 24 sq m (258 sq ft) 12 month AST from 14th November 2023 £5,400 Per Annum
    Flat 5 Second Reception Room/Kitchen, Bedroom, Bathroom 57 sq m (614 sq ft) 12 month AST from 9th June 2023 £6,000 Per Annum
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    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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