Marketed by
Lambert Smith Hampton
London (City)
55 Wells St, London W1T 3PT
New
1 of 8
POA
St Pauls Court Apartments, St Pauls Street, Stockton-On-Tees, Durham, TS19 0AB
Key features
- Contact the selling agent directly: 07711 767 571
- Freehold converted block of 58 apartments
- Shared private gardens, on-site parking and bike store
- Combination of studios, one-bed and two-bed apartments
- Refurbished in 2023
- 98% of the apartments hold an EPC rating of 'C'
- Fully let producing a total gross income of £378,420 pa
- Estimated Rental Value (ERV) of £420,000 pa
- Reversionary and value-add asset management opportunity
- Guide price of £3,400,000 reflects 11.13% Gross Yield
Description
The property is a former care home converted to provide 58 apartments, arranged as 15 studios, 42 one beds and 1 two bed.
The block sits in a U-shaped layout around a courtyard with a shared private garden, landscaped areas, 13 on-site parking spaces and a secure bike store.
It is of traditional masonry construction beneath a pitched tiled roof, over three floors with a uniform floorplate.
Internally, the apartments provide modern, practical accommodation with fitted kitchens and good quality bathrooms.
The block sits in a U-shaped layout around a courtyard with a shared private garden, landscaped areas, 13 on-site parking spaces and a secure bike store.
It is of traditional masonry construction beneath a pitched tiled roof, over three floors with a uniform floorplate.
Internally, the apartments provide modern, practical accommodation with fitted kitchens and good quality bathrooms.
Reference: 2093862_sales
Download Sales Details
Marketed by
Lambert Smith Hampton
London (City)
55 Wells St, London W1T 3PT
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