Ashbrookes Estate Agents have a new property on Hartington Road, TS18 1HD.
Hartington Road is in the heart of Stockton within proximity to local shops
and amenities. This property comprises of 4 self - contained flats which have
been tenanted for the last 4 years with no issues.
All 4 flats are council tax band A.
Flat 1 & 2 have EPC ratings E & Flat 3 & 4 have EPC ratings D.
Tenants in situ.
Flat 1 currently pays £80 per week.
Flat 2 currently pays £86. 30 per week.
Flat 3 currently pays £86. 30 per week.
Flat 4 currently pays £325 per month.
*At present the tenants pay their own electric & council tax - current landlord pays for the water & electric in common areas* No gas in the property *
The vendor is ideally looking for a cash buyer for this sale.
This gives a ready made yield of 12. 62% based on the asking price and current
rental rates. * mortgage payments would need to be taken into account if
purchasing with a mortgage*.