Marketed by
Align Chartered Surveyors
Northallerton
White Rose House, Northallerton Business Park, Northallerton DL6 2NA
Available
1 of 10
POA
Freehold Investment Opportunity, Norton, Stockton-on-Tees, TS20 1HS
137214 sq. ft (12747.61 m²)
Key features
- Secure & Diverse Income Stream
- 20 Income-Producing Apartments
- Exceptional Long-Term Growth Potential
- 3.5-Acre Strategic Landholding
- Established Location with Strong Demand
Description
This freehold site including Robertson House which is attached to Gilpin House and Anstey House, represents a rare opportunity to acquire a substantial freehold residential investment portfolio within the established and highly regarded Norton Village area of Teesside.
The investment comprises 20 self-contained apartments (Robertson House) generating a strong and diversified income stream together with additional revenue from a telecommunications mast lease, ground rent income and an electricity substation lease. The portfolio benefits from a long-standing tenant base, providing stable occupancy whilst presenting opportunities for future rental growth through proactive asset management.
In addition to the immediate income-producing assets, the freehold ownership includes valuable long-term reversionary interests relating to 98 leasehold flats within the adjoining residential blocks. With approximately 78 years remaining on many leases, the portfolio offers the potential for future lease extension premiums and associated capital value enhancement.
The wider estate extends to approximately 3.5 acres and includes controlled parking areas, workshop and storage accommodation together with areas of land which may offer future development potential, subject to planning consent.
The combination of secure income, future rental growth prospects, reversionary interests and development opportunities creates a compelling investment proposition for private investors, property companies, family offices and institutional purchasers seeking long-term income and capital growth.
The investment comprises 20 self-contained apartments (Robertson House) generating a strong and diversified income stream together with additional revenue from a telecommunications mast lease, ground rent income and an electricity substation lease. The portfolio benefits from a long-standing tenant base, providing stable occupancy whilst presenting opportunities for future rental growth through proactive asset management.
In addition to the immediate income-producing assets, the freehold ownership includes valuable long-term reversionary interests relating to 98 leasehold flats within the adjoining residential blocks. With approximately 78 years remaining on many leases, the portfolio offers the potential for future lease extension premiums and associated capital value enhancement.
The wider estate extends to approximately 3.5 acres and includes controlled parking areas, workshop and storage accommodation together with areas of land which may offer future development potential, subject to planning consent.
The combination of secure income, future rental growth prospects, reversionary interests and development opportunities creates a compelling investment proposition for private investors, property companies, family offices and institutional purchasers seeking long-term income and capital growth.
Reference: 377660_sales
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Marketed by
Align Chartered Surveyors
Northallerton
White Rose House, Northallerton Business Park, Northallerton DL6 2NA
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