Residential Portfolio in TS17
Mandale Road, Thornaby, Stockton-on-Tees, Durham, TS17 6AD
Sold
Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk
- Student accommodation room
- Classic en-suite room style
- Potential income £5,460 to £5,820pa
- Communal kitchen and gardens
- Popular location
- Long leasehold (250y from 2016)
Residential Portfolio in TS17
*For sale via secure sale online bidding: terms and conditions apply.*
We are pleased to offer to auction a student accommodation room, set within a substantial building block (3-5) of 22 rooms, situated in the popular area of Thornaby, Stockton-On-Tees.
We are advised that all rooms are easily rented out with no void periods due to the locality, with the building being directly next to Thornaby train station. The current rent achievable on this room is from 105pw-112pw (£455-485pcm). This 'classic' style room comprises of a bed and en-suite with a communal kitchen and gardens. We are advised the building benefits from electricity only (no gas).
Please note we have not inspected this property.
Summary
- Property Type: Residential Portfolio
- Parking: On Street
Location
The subject property is located along Mandale Road, in the popular area of Thornaby, Stockton-On-Tees, directly next to Thornaby train station.
Lease Details
The rent achievable PCM is £485. This room has 250 years left on the lease which commenced 30th September 2016. The ground rent is payable to Premier Ground Rents which the current vendor pays quarterly at an agreed amount of £145.62. On top of this the building has a service charge of £3030 for the year, the vendors owe £1,514.76 since 28th March.
Tenure
Long leasehold of 250 years commencing on 30 September 2016. Title number CE231784.
We are advised that the ground rent is payable to Premier Ground Rents, which the current vendor pays quarterly at an agreed amount of £145.62. The building also has a service charge of £3,030 for the year, and we are advised that the current owner owes £1,514.76 since 28th March 2023. Please refer to the legal pack for further information.
EPC
Available upon request (rating E).
Additional Information
For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Floorplan
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