RESIDENTIAL INVESTMENT OPPORTUNITY

THE TOWN HOUSE SKINNER STREET, STOCKTON, TS18 1DY THE TOWN HOUSE INVESTMENT SKINNER STREET, STOCKTON, TS18 1DY

SUMMARY A1046 A1046

A1 Riverside Park Rd A102 A102

• Excellent residential investment A1046 Riverside Park Rd

Snowdon Rd Forty Foot Rd North Rd Durham St A19 A1 opportunity with additional A19 Middlesrough

North Te es A66 B r id Hartington Rd g e A commercial income p A19 p ro a ch Rd MIDDLESROUGH A102 Newport Rd 6541 Borough Rd • Passing rent £223,360 per annum A19 A1046 A105 Heywood St (including guaranteed rent of Universit A105 6541

£16,000 per annum) A66 122 102 Alert Park

ueens Stockton Rd Campus A12 • Close proximity to town centre 6541 West Lane Princeton Dr Hospital A19 South amenities and transport links Thorna A66 STOCKTON A110 Teesside 102 A15 Shopping Park • Fully furnished and well-appointed throughout A110

• Onsite secure car parking

• Offers IRO £1.7 million THE TOWN HOUSE SKINNER STREET, STOCKTON, TS18 1DY

ASHINGTON LOCATION A1046 MORPETH A1046

A1 A1(M) Riverside Park Rd A102 A102 A696 Newcastle Airport A68 A19 TYNEMOUTH Port of Tyne A1046 Riverside Park Rd A69 NEWCASTLE SOUTH Forty Foot Rd Snowdon Rd SHIELDS North Rd Durham St HEXHAM UPON TYNE THE TOWN HOUSE A19 A1 Scotlan A19 Middlesrough

North Te A68 A19 SUNDERLAND es A66 GATESHEAD 65 B r id Hartington Rd g e A p GLASGOW A19 p ro A1(M) a 63 EDINBURGH ch Rd MIDDLESROUGH CHESTER-LE-STREET SEAHAM A690 A102 Newport Rd NEWCASTLE 6541 Borough Rd DURHAM 62 SUNDERLAND A19 CARLISLE A1046 MIDDLESBROGH A105 Heywood St Teesside A167 A181 Universit A689 61 A105 6541 A690 HARTLEPOOL LEEDS A66 MANCHESTER 122 60 River Tees A688 A689 LIVERPOOL 102 Alert Park NOTTINGHAM ueens Stockton Rd A68 BIRMINGHAM Campus A12 6541 59 West Lane A688 STOCKTON Princeton Dr Hospital Englan A19 58 Wales South DARLINGTON Thorna A66 CARDIFF LONDON A66 A66 A171 STOCKTON A110 BRISTOL Teesside 102 57 A15 Shopping Park A66 56 Durham Tees Valley Airport SCOTCH CORNER A19

A110 A1(M)

A684 The property occupies a prominent position between Skinner Street and Dovecot Street within the town of Stockton on Tees. It is conveniently located being within close proximity to the town centre.

Stockton is located 4 miles west of Middlesbrough, 12 miles east of Darlington and 27 miles south of Durham. The town is highly accessible benefitting from excellent road and rail links via the A19 and A66; the latter of which links to the A1(M) to the A19 west. Stockton and Thornaby rail stations are located 0.6 miles to the north and south east of the property and link the town with a wide range of local and major city destinations.

Stockton is a popular town benefitting from excellent transport facilities, along with a wide leisure, retail and nightlife offer. The property is on the edge of the recently formed Stockton BID District. THE TOWN HOUSE SKINNER STREET, STOCKTON, TS18 1DY SITUATION

Mill Lane A1305 Primary School Wellington Square Shopping Centre STOCKTON HIGH STREET

Castlegate Shopping Centre

ARC Theatre THE TOWN HOUSE

DOVECOT ST

PRINCE REGENT STREET

Stockton Business Centre Wellington Square Shopping Centre HARTINGTON ROAD

SKINNER STREET

Castlegate Shopping Centre

The Tees Barrage THE TOWN HOUSE SKINNER STREET, STOCKTON, TS18 1DY DESCRIPTION

The property comprises a prominent, high quality, four storey block currently providing 18 two, three and five bed apartments with private parking. With minor alterations the building can be converted to provide 24 two and three bed apartments. Newly refurbished commercial/retail space producing additional income is located at ground floor level. Access to the building is gained via Skinner Street to the east. The property occupies an enviable position being close to a diverse mix of uses including a broad retail and leisure offer along High Street to the east, along with The Teesside Retail Park which accommodates a range of national retailers located approximately 2.5 miles to the east. The Tees Barrage and canoe course is also located around 2 miles to the east along the Tees riverside.

INTERNET NEW PASSENGER LIFT Each apartment is now cabled for Virgin Superfast A brand new state of the art Orona MRL traction Broadband and other Virgin media services. Each passenger lift has recently been installed. Servicing apartment has this high speed facility including wireless all four floors, this eco friendly lift guides passengers access. These services can be set up independently by and their luggage with clear voice annunciation to the tenants themselves or, if preferred, the Property each floor where automatic landing lighting greets Operator may buy the Virgin services and resell to the passenger on leaving the car. tenants at a higher rate. This is particularly attractive where apartments are shared. THE TOWN HOUSE SKINNER STREET, STOCKTON, TS18 1DY TENANCIES

The apartments are let on Assured Shorthold Tenancy agreements, copies of which are available on request. The total rent passing is £207,360 per annum including the ground floor commercial rent. Part of the commercial space is let on a 3 year Full Repairing and Insuring lease. The vendor is prepared to offer a 3 year, £16,000 per annum rental guarantee in respect of the vacant commercial parts of the property.

TENURE The property is to be sold freehold, subject to the occupational leases and AST agreements. VAT All offers received will be deemed to be exclusive of VAT. THE TOWN HOUSE SKINNER STREET, STOCKTON, TS18 1DY INFORMATION PACK

An information pack is available on request which includes the following: • Title information; • Floor Plans; • Internal photographs; and • Tenancy information. ENERGY PERFORMANCE CERTIFICATES EPC’s are available on request. LEGAL AND AGENTS COSTS Each party is to be responsible for their legal and agents costs incurred. METHOD OF DISPOSAL We are instructed to invite offers in the region of £1.7 million reflecting an initial yield of 12.37% (allowing for purchasers costs) on the total rent including the guarantee. Offers can be submitted direct via email to David Craig or Glenn Laws, or posted to the following address: David Craig / Glenn Laws Bilfinger GVA Central Square Forth Street Newcastle upon Tyne NE1 3PJ

Please note that our client is not obliged to accept the highest or any offer. VIEWINGS Viewings are strictly by appointment with Sole Selling agents GVA. gva.co.uk/9545gva.co.uk/9964

GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose GVAagents Grimley they are, Limited give noticeConditions that: under which Particulars are issued GVA Grimley Limited for(i) thethemselves, particulars for are any set jointout asagents a general and foroutline the vendorsonly for the or lessorsguidance of ofthis intending property purchases whose or lessors and agentsdo not theyconstitute, are, give nor notice constitute that: part 1.) Theof, an particulars offer or contract. are set out as a general outline only for the(ii) allguidance descriptions, of intending dimensions, purchases references or lessors to condition and do and not necessaryconstitute, permission nor constitute for use part and of, occupation, anand offer other or details,contract. are 2.) given All descriptions, in good faith dimensions,and are believed references to be correct to condition but any and intending necessary purchasers or permissiontenants should for usenot relyand onoccupation, them as statements and other ordetails, representations are given inof goodfact but faith satisfy and themselvesare believed by inspection toor beotherwise correct asbut to any the intending correctness purchasers of each of or them. tenants should not rely on them as statements or representations(iii) no person in ofthe fact employment but satisfy of themselves GVA Grimley by Limitedinspection or anyor otherwise joint agents as hasto the any correctness authority to make or ofgive each any of representation them. 3.) No personor warranty in the whatever employment in relation of GVA to this Grimley property. Limited or any joint agents has(iv) allany rentals authority and toprices make are or quoted give any exclusive representation of VAT or warranty whatever in relation to this property. 4.) All rentals and prices are quoted exclusive of VAT. Reproduced by courtesy of the ControllerReproduced of HMSO.by courtesy Crown of the Copyright Controller reserved. of HMSO Licence Crown No Copyright 774359. reserved.If applicable, Licence with No consent 774359. If ofapplicable, Chas E Goad, with consentCartographers, of Chas OldE Goad, Hatfield, Cartographers, Geographers Old A-ZHat field,Map CoGeographers Ltd and/or A-Z Map Co Ltd and/or TheThe AutomobileAutomobile Association. ForFor identificationidentification purposespurposes only.only.

For further information or an appointment to view please contact:

David Craig Glenn Laws Direct Dial: 0191 269 0510 Direct Dial: 0191 269 0064 Email: [email protected] Email: [email protected]

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