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St. Pauls Court, Stockton
St. Pauls Court, Stockton-on-tees, TS19 0
£3,500,000
St. Pauls Court, Stockton-on-tees, TS19 0
£3,500,000
Our Summary
- This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
Description
A unique opportunity to purchase a freehold apartment block in Stockton, comprising 58 self-contained flats, with 100% occupancy and an annual rental income of £378,060, projected to rise to £420,480. The property, known as St Pauls Court, is a brick-built building with 13 car parking spaces, arranged over three floors, with a lift providing access to all levels. The apartments, ranging from one to two bedrooms, feature uPVC double-glazed windows, communal gas central heating, and individually metered electricity. The property also includes a communal laundry room and a private, secure garden for residents' use. Located in the market town of Stockton on Tees, the property benefits from a good bus service and train station with access to London in under four hours. The town centre has undergone a significant redevelopment, offering a range of high street retailers, independent shops, and services.