This property is not currently available. It may be sold or temporarily removed from the market.

Stockton on Tees, TS19

£5,000,000
  • Ref: SCH-54560905
  • Type: Flat / Apartment
  • Availability: For Sale
  • Tenure: Freehold
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Property Features

  • Property Type: Block of 58 apartments for sale
  • 57 x 1-bedroom apartments
  • 1 x 2-bedroom apartment
  • Ownership: Freehold available
  • Asking Price: £5,000,000
  • Current Income: £361,800 per annum
  • Upcoming Rent Review: Income to increase to £375,000 per annum
  • Location: Stockton-on-Tees

Property Summary

Block of 57 x 1 bedroom apartments & 1 x 2 bedroom apartment

Full Details

Welcome to an exceptional investment opportunity in the heart of Stockton-on-Tees. We are pleased to present a meticulously maintained block of 58 apartments, now available for sale. This prime property consists of 57 one-bedroom apartments and a single, spacious two-bedroom apartment. Perfectly suited for savvy investors, this freehold property is offered at an asking price of £5,000,000, making it an attractive proposition in the current market.

This investment boasts a strong financial profile, generating a current annual income of £361,800. A scheduled rent review is set to increase this revenue to £375,000, enhancing the property’s appeal and ensuring sustained profitability for the new owner. The steady rental income and potential for further growth underscore the value of this property, providing a reliable and lucrative addition to any investment portfolio.

Situated in the vibrant town of Stockton-on-Tees, this property benefits from a strategic location that attracts a consistent tenant base. The area offers excellent amenities, transport links, and a thriving community, making these apartments highly desirable to prospective tenants. Don't miss out on this unique opportunity to acquire a high-yield investment in a sought-after location. Contact us today to arrange a viewing or to learn more about this exceptional property.