Investment Premises For Sale in Stockton
The Fairfield Public House, Fairfield Road, Stockton-on-Tees, TS19 7AJ
0.80 Acres Enquire NowInvestment Premises For Sale
Summary
- Prominent Location
- Freehold Interest
- FRI Lease to Stonegate Pub Company Ltd
- Offers in the region of £900,000 reflecting 6.31% net initial yield
- Subject to Contract
Location
Stockton on Tees has a resident population of some 180,000 and is a major commercial centre located approximately 30 miles south of Newcastle upon Tyne and 4 miles west of Middlesbrough. Stockton on Tees benefits from excellent road communications, being 2 miles west of the A19 and 1 mile north of the A66 dual carriageway, which links the A19 with the A1(M) and runs further to the west coast and Cumbria.
The property is located on Fairfield Road and is situated within a predominantly residential area on the outskirts of Stockton on Tees. Other commercial occupiers within the immediate vicinity include Fairfield Library which is situated adjacent to the subject premises and Ian Ramsey Church of England Academy which is located to the rear.
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Mainline Stations
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Stockton27 mins
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Thornaby39 mins
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Eaglescliffe44 mins
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Allens West51 mins
Underground Station
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Chesham3858 mins
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Amersham3900 mins
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Broxbourne3907 mins
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Chalfont and Latimer3914 mins
Further Information
Price Offers in the region of £900,000
Rates Payable Upon Enquiry
EPC Rating This property has been graded as D (87)
Description
The property comprises a two storey public house which has been extended at ground floor level. The ground floor comprises several public rooms together with a central bar and seating to the rear and a side conservatory. The first floor comprises a four bedroom private dwelling as well as a former function room.
The property is of brick construction surmounted by a dual pitched timber frame roof with tile covering and timber frame windows. The ground floor extension is also of brick construction with a flat roof and felt covering. The premises benefits from a large car park and drive-in access to the rear for loading purposes.
Terms
Offers are invited in the region of £900,000 reflecting a net initial yield of 6.31% taking into account purchaser's costs at 5.63%.
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