Norton Road, Stockton-On-Tees, TS20

ARE YOU LOOKING FOR A RECENTLY REFURBISHED HMO? LOOK NO FURTHER THAN THIS COMMERCIAL DEVELOPMENT IN STOCKTON-ON-TEES…

This commercial building comprises of 30 rooms, 39 WCs/ Bathrooms, 3 communal areas and 3 kitchens. Norton Road is located in the popular area of Stockton-On-Tees, which is known for its high return in investments.

This property is within close proximity to the University of Durham with a 5-minute commute. It also benefits from multiple bus routes for students, and transport links for professionals making this a prime location to rent. With a HMO approved licence acquired and planning permission in place to turn it into a residential home, this property is not one to be missed.

All rooms are currently being let for £375PCM. Your NET annual take home (after bills and management have been deducted) would be £95,580 PA / £7,965 PCM. This gives you a return of 8.5% at asking price.

*Please note if you are purchasing with a mortgage, you will have a further mortgage payment to deduct from the above figures. At Ashbrookes we include a CAP into the bills of £20 per week per room which has been calculated in the NET figures, this clause is included in the tenants’ contracts and recharged back to them if they go over their monthly spend cap.*

Please call to secure a viewing slot today or if you seek further information.

Disclaimer:
Information provided in any property details/descriptions are for general guidance purposes only, and it is recommended that all interested parties seek professional advice and conduct thorough investigations to verify the accuracy of the details provided.

Accommodation & Amenities:
- Commercial
- Planning permission in place to turn it into a residential
- 30 bedrooms
- £11,250pcm achievable in rent
- NET return of 8.5% at asking price
- 5 minute commute to Durham University
- Transport links
- HMO licence in place

MEASUREMENTS:
Bedroom 1 15'4" x 12'5" (4.67m x 3.78m)
Bedroom 2 13'5" x 8'2" (4.1m x 2.5m)
Bedroom 3 12'2" x 10'10" (3.7m x 3.3m)
Bedroom 4 13'5" x 7'10" (4.1m x 2.4m)
Bedroom 5 13' x 8'2" (3.96m x 2.5m)
Bedroom 6 13' x 10'1" (3.96m x 3.07m)
Bedroom 7 12'2" x 10'10" (3.7m x 3.3m)
Bedroom 8 12'10" x 10'2" (3.9m x 3.1m)
Bedroom 9 12'1" x 10'5" (3.68m x 3.18m)
Bedroom 10 10'6" x 9'9" (3.2m x 2.97m)
Bedroom 11 10'11" x 10'3" (3.33m x 3.12m)
Bedroom 12 13'4" x 11'11" (4.06m x 3.63m)
Bedroom 13 15'11" x 10'6" (4.85m x 3.2m)
Bedroom 14 13'3" x 8'3" (4.04m x 2.51m)
Bedroom 15 12'11" x 9'6" (3.94m x 2.9m)
Bedroom 16 13'7" x 10'6" (4.14m x 3.2m)
Bedroom 17 14'8" x 12'7" (4.47m x 3.84m)
Bedroom 18 14'1" x 8'6" (4.3m x 2.6m)
Bedroom 19 12'2" x 11'2" (3.7m x 3.4m)
Bedroom 20 14'6" x 9'9" (4.42m x 2.97m)
Bedroom 21 12'11" x 8'10" (3.94m x 2.7m)
Bedroom 22 10'10" x 9'10" (3.3m x 3m)
Bedroom 23 13'9" x 11'3" (4.2m x 3.43m)
Bedroom 24 10'11" x 10'4" (3.33m x 3.15m)
Bedroom 25 12'10" x 11'7" (3.9m x 3.53m)
Bedroom 26 14'6" x 9'9" (4.42m x 2.97m)
Bedroom 27 16'4" x 14'4" (4.98m x 4.37m)
Bedroom 28 15'9" x 14'6" (4.8m x 4.42m)
Bedroom 29 15'11" x 14'5" (4.85m x 4.4m)
Bedroom 30 12'3" x 8'9" (3.73m x 2.67m)
Kitchen 25'8" x 12'10" (7.82m x 3.9m)
Kitchen 14'2" x 6'7" (4.32m x 2m)
Reception Room 16'11" x 13'7" x (5.16m x 4.14m x)
Reception Room 16'11" x 13'7" (5.16m x 4.14m)
Communal 19'8" x 13'7" (6m x 4.14m)
Communal 19' x 12'5" (5.8m x 3.78m)
Communal 14'7" x 13' (4.45m x 3.96m)
Kitchen 12'2" x 14'1" (3.7m x 4.3m)

General Information

The information provided on this website and in our marketing materials is intended for general guidance only. While we strive to ensure the accuracy and reliability of the content, Ashbrookes ltd makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the properties listed.

Property Details
All property details, including but not limited to dimensions, floor plans, and photographs, are provided by the sellers, landlords, or third-party sources and have not been verified by Ashbrookes Ltd.
Prospective buyers or tenants should not rely solely on these details and should conduct their own due diligence.
Properties may be subject to changes or withdrawal without prior notice.

Viewing and Inspections
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Ashbrookes Ltd does not accept any responsibility for any errors or omissions or any loss or damage resulting from reliance on the property descriptions.

Legal and Financial Advice
Ashbrookes Ltd does not offer legal or financial advice. Buyers and tenants are encouraged to seek professional advice before making any decisions related to property transactions.
Information regarding the financial performance of investment properties is illustrative and should not be construed as a guarantee of future performance.

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