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No longer on the market

This property is no longer on the market

Property

Auction
Sold STC
Property
128
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent
BroadbandBasic 11Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • 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)
*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.

Rooms

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).

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About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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