Property Details
Pugh Auctions
Lot 017
Lot 017
Auction: October 2018 (L)

Rose Court, Flat 1-14, 1 Ware Street, Stockton-on-tees, Durham, TS20 2BF

Property Details
Location

Located mid way between Stockton Town Centre and the desirable Norton Village. The new North Shore Academy and new Hilton Hotel and Durham University are just a short walk away. Stockton High Street is within easy walking distance (half a mile) featuring a wide range of amenities including the newly re-built globe theatre with a seating capacity for 3000 people which is due to open in 2019. Other attractions include the Infinity Bridge, Newport Bridge, the Transporter, the Tees Barrage International white water course and the annual International Riverside Music Festival.

Description

To be offered by Auction. Rose court is a freehold, purpose built block of 14 apartments completed in August 2011. It comprises six x 1 bed apartments and eight 2 bed apartments. The communal areas include an internal residents courtyard, bin store, cycle store and furniture storage. There is also a block paved car park for 14 vehicles to the rear of the property included in the sale. All of the 14 apartments are currently let on an AST basis potentially achieving £70,380 per annum.

Accommodation


1 Rose Court1 bed ground floor flat
2 Rose Court1 bed ground floor flat
3 Rose Court2 bed ground floor flat
4 Rose Court2 bed ground floor flat
5 Rose Court1 bed first floor flat
6 Rose Court1 bed first floor flat
7 Rose Court2 bed first floor flat
8 Rose Court2 bed first floor flat
9 Rose Court2 bed first floor flat
10 Rose Court1 bed second floor flat

11 Rose Court1 bed second floor flat
12 Rose Court2 bed second floor flat
13 Rose Court2 bed second floor flat
14 Rose Court2 bed second floor flat

Tenure

Freehold.

Planning

An internal storage area has the potential to be converted to an additional 1 bed apartment (subject to planning). Interested parties should consult direct with the Local Planning Office, Stockton-On-Tees Borough Council, Planning Development Services, Municipal Buildings, Church Road, Stockton-On-Tees, TS18 1LD. Tel: 01642 526022

Tenancy


PropertyRent income
1 Rose Court£5,100AST
2 Rose Court£4,800AST
3 Rose Court£5,100AST
4 Rose Court£5100AST
5 Rose Court£4,740AST
6 Rose Court£5,100AST
7 Rose Court£5,100AST
8 Rose Court£5,700AST
9 Rose Court£5,400AST

PropertyRent incomeAST
10 Rose Court£4,740AST
11 Rose Court£4,800AST
12 Rose Court£4,800AST
13 Rose Court£5100AST
14 Rose Court£4,800AST
Gross£70,380

General

1. 8 week completion.
2. The building is a timber frame construction and comes with all the relevent completion and safety certificates.
3. Barratt Homes have begun work on the site opposite to Rose Court. Named Jubilee Gardens it will comprise of 3 and 4 bedroom properties with the 4 bedroom homes being marketed at £174k

Addendum

Total rent is currently £70,380 per annum.

Property Location Address:
Rose Court,
Flat 1-14,
1 Ware Street,
Stockton-on-tees,
Durham,
TS20 2BF
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Auction Details
Auction: October 2018 (L) Date: 16th October 2018 Lot Number: 017 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
Leeds United Football Club,
Leeds,
LS11 0ES

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