1. Realla
  2. Shops for sale
  3. Yorkshire and the Humber
  4. County Durham
  5. Stockton-on-Tees
  6. St Ann's Hill, Durham

140-144 Norton Rd, Stockton On Tees

Retail storefront for sale in St Ann's Hill, Durham, Stockton On Tees

£400,000 / 3,668 sq ft

by Blue Alpine Partners Ltd
Scroll to Google Maps

Highlights

Features

Full address
140-144 Norton Rd, Stockton On Tees TS20 2BG – St Ann's Hill, Durham
Asking price
£400,000
Links
Additional property information – blue alpine
Blue alpine team bios
Pdf #1 marketing brochure/flyer

Sale details

There is 1 space available. This measures 3,668 sq ft.

Sale unit Available

Unit
Sale unit
Size
3,668 sq ft
Price
£400,000
Price per sq ft
£109.05
  • Investment Consideration: VAT is NOT applicable to this property Comprises two commercial units on the ground floor and five studio flats on upper floors Commercial units leases expire in 2024 and 2025 The property is located at the junction of Norton Road and Ware Street in Stockton-on-Tees.
  • Property Description: The property comprises two ground floor shops currently trading as a pizza takeway and launderette, while upper floors provide 5 studio flats.
  • The property provides the following accommodation and dimensions: No.
  • 140: 59 sq m (635 sq ft) No.
  • 142: 143 sq m (1,539 sq ft) Flat 1: 33 sq m (355 sq ft) Flat 2: 27 sq m (290 sq ft) Flat 3: 28 sq m (301 sq ft) Flat 4: 24 sq m (258 sq ft) Flat 5: 27 sq m (290 sq ft).
  • Tenancy: The No.
  • 140 shop is let for a term of 7 years from 1st March 2017 at a current rent of £8,000 per annum and the lease contains full repairing and insuring covenants.
  • The lease provides for a rent review on the 1st March 2022..
  • The No.
  • 142 shop is let for a term of 6 years from 18th September 2019 at a current rent of £8,500 per annum and the lease contains full repairing and insuring covenants.
  • The lease provides for a rent review on 18/09/2022. Tenant has option to determine in the third year with six months notice.
  • Flat 1 is let on AST for a term of 6 months from 28/05/2020 at a current rent of £4,500 p.a..
  • Flat 2 is let on AST at a current rent of £4,680 p.a. (Holding over) Flat 3 is let on AST for a term of 12 months from 30/01/2020 at a current rent of £4,420 p.a..
  • Flat 4 is let on AST for a term of 12 months from 12/06/2020 at a current rent of £4,500 p.a..
  • Flat 5 is let on AST for a term of 6 months from 03/06/2020 at a current rent of £5,040 p.a..
  • Location: Stockton-on-Tees is a market town in County Durham, England.
  • The town has a population of 85,000, with a population of around 196,000 in the wider area, according to 2017 estimates by ONS UK.
Sale type Investment
Tenure Freehold
More building details Less building details
Building subtype
Retail storefront
Number of storeys
2
Rentable building area
3,668 sq ft
Construction material
Masonry
Year built
1900
Parking
Surface, Surface tandem, Covered, Covered tandem, Reserved

Major tenants

Name Description Size Move in date Locations
R.Majid t/a Square Pizza Description - Size 635 sq ft Move in date - Locations -
M.Khan t/a Best Laundry Services Ltd Description - Size 1,539 sq ft Move in date - Locations -

This shop for sale is located in St Ann's Hill, Durham.

Search for all available commercial properties for sale in St Ann's Hill, Durham

Please enable JavaScript to view Google Maps

Please enable JavaScript to view Google Maps

Meet the team

Blue Alpine Partners Ltd

  • A profile photo of Joseph Bachman Joseph Bachman
View the performance or update the listing in CoStar

Make an enquiry

020 *** ****

When prompted enter this code:

Please supply a contact name

Please supply a valid email

Please supply either an email or phone number

Please supply a valid phone number

There was a problem submitting the form, please try later

By submitting this form, you accept our Terms & conditions & Privacy policy. Please note that Realla will send the above details to the agents listed.

Message sent

View the performance or update the listing in CoStar

Similar properties

See more like this
  1. 4-8 Norton Rd, Stockton On Tees

    Retail for sale

    • £300,000
    • 3,702 sq ft

    Retail for sale

    The property, which is Grade II listed, is arranged on basement (no access), ground and two upper floors to provide a double fronted ground floor shop, an additional ground floor lock-up shop to the rear and a separately accessed staircase leading to four flats on the upper floors. The property provides the following accommodation and dimensions:...

    • Roller shutters
    • Storage space

    4-8 Norton Rd, Stockton On Tees TS18 2BN

    2 days ago. Blue Alpine Partners Ltd

Make an enquiry

020 *** ****

When prompted enter this code:

Please supply a contact name

Please supply a valid email

Please supply either an email or phone number

Please supply a valid phone number

There was a problem submitting the form, please try later

By submitting this form, you accept our Terms & conditions & Privacy policy. Please note that Realla will send the above details to the agents listed.

Message sent

Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Blue Alpine Partners Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners Ltd for full details and further information. 8472616