stamp duty: £15,750
mortgage fees: £1,500
conveyancing fees: £2,000
NO OF UNITS
TOTAL SQ FT
PRICE SQ FT
Please note the vendor is open to selling the properties individually for which we have created separate listings.
Both properties are fully let and currently achieve:
Available upon request
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The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
Stockton-on-Tees is a market town in County Durham in the North East of England. It lies about 37 miles south of Newcastle-upon-Tyne and 66 miles north of Leeds.
Stockton is well connected via road on the TransPennine A66 and the A19. The A66 connects Stockton-on-Tees to Middlesbrough and Darlington, whilst the A19 connects it with York as well as Peterlee and Sunderland.
Stockton’s railway station is on the Durham Coast Line running trains from Newcastle-upon-Tyne to Middlesbrough via Sunderland and Hartlepool. Whilst Thornaby railway station, across the river, runs services on the Tees Valley Line and Durham Coast Line to Sunderland and Newcastle, Darlington and Saltburn. The TransPennine Express services go to York, Leeds, Manchester Piccadilly, Manchester Airport and Middlesbrough.
Set in the heart of the growing borough of Stockton-on-Tees, right in the centre of the thriving Tees Valley, the town is ideally placed to benefit from the growing population.
To the north, the town is bordered by the emerging residential developments at Victoria, an area being transformed into modern housing for older residents, alongside new development at Norton Glade and planned construction of 300 homes at Barratt’s Jubilee Gardens and by Thirteen Group at the Alma House site.
To the east, the River Tees plays host to a wide range of water sports and recreational activities with several rowing and boat clubs alongside an Olympic standard white-water course and high ropes course all within sight of the High Street. The river and the impressive Infinity Bridge also provide the backdrop for the successful and on-going £300m Northshore scheme creating sought-after new housing at Vivo alongside modern office space. The next phase of development in this area will see delivery of a new 128-bedroom Hampton by Hilton Hotel.
The town centre has already undergone a £38 million redevelopment to enhance the town’s public spaces and accessibility. The centre offers a variety of high street retailers, independent shops and services.
Across the river to the south, the Teesdale area is home to over 60 businesses, employing over 4,000 people as well as a significant student population at the new International Foundation College and Stockton Riverside College.
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Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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