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Please note that this is an off-market opportunity that is available to qualified buyers only.
Please get in touch and quote the reference number above to speak to a member of our sales team who can advise on the information that will be required from you in order for us to be able to share more detailed and confidential information related to the opportunity.
This opportunity is a purpose-built block of apartments that was built in the late 1970s, which is in the process of being fully renovated to bring it up to a good modern standard. The block is arranged over three floors with a lift providing access to each and a communal laundry room.
There are 57 apartments in total, with 55 x 1-beds, 1 x 2-bed and 1 x 3-bed. Parking spaces are limited to 13 spaces, however, there is plenty of off-street parking available nearby. Furthermore, Stockton train station is situated less than a 5 min walk away, which is beneficial to commuters.
The town centre in Stockton-on-Tees has recently undergone a £38m redevelopment to enhance the town’s public spaces and accessibility, which strengthens the investment case.
The developer anticipates that the renovation works will be completed in the next few weeks and that the block will be fully let by the end of Jan 2020.
The purchase of the development can be structured in a number of ways depending on the preference of the buyer.
Documents available on request, please contact for viewings or further questions.
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.
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All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.
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.
Point of reference - not exact location,
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
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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