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Waterloo House

Development Details

Starting From:

£65,000

Number of units:

43

Completion:

1st September 2017

Location:

Teesdale South, Thornaby Place, Stockton-on-Tees, TS17 6SA UK

Waterloo House - 1
Waterloo House - 2
Waterloo House - 3
Waterloo House - 5
Waterloo House - 6
Waterloo House - 7
Waterloo House - Area 1
Waterloo House - Area 2
Waterloo House - Area 3
Waterloo House - Area 4
Waterloo House - Area 5
Waterloo House - Interior 01
Waterloo House - Interior 02
Waterloo House - Interior 03
Waterloo House - Interior 04
Waterloo House - Interior 05
Waterloo House - Interior 06
Waterloo House - Interior 07
Waterloo House - Interior 08

sold out

Waterloo House

Development Details

Starting From:

£65,000

Number of units:

43

Completion:

1st September 2017

Location:

Teesdale South, Thornaby Place, Stockton-on-Tees, TS17 6SA UK

Key Highlights

7% NET rental income assured for 3 years

Excellent centre location overlooking the River Tees.

35 x 1 Bedroom and 8 x 2 Bedroom Residential Apartments

Already built - Conversion to apartments

Information on Waterloo House

  • Overview
  • 1 Bedroom Apt
  • 2 Bedroom Apt
  • Floor Plans
  • Inventory
  • Location
  • Video
  • Due Diligence
  • Market Due Diligence

35 x 1 Bedroom Apartment
£65,000

8 x 2 Bedroom Apartment
£85,000

Total Block Purchase Price
£2,955,000

Completion Date
SEPT 2017

Net rental yield
7.0%

Net rental yield is assured for 3 years*

*: Ground rent not included in rental yield.

Average 1 bed service charge
£781 pa - per apartment £27,335 pa

Average 2 bed service charge
£1,185 pa - per apartment £9,480 pa

Ground rent
£300 pa per apartment £10,200 pa

Lease
125 Years starting from 2017

ResInvest is delighted to offer this development of 43 apartments consisting of 35 x 1 Bed and 8 x 2 Bed apartments. All newly renovated to a high standard in this converted building.

Disclaimer: Ground rent and service charge rates are provided for information purposes only and are subject to change and confirmation in the Contractual documentation provided on exchange and completion. Gross rental yield values are estimates and provided for information purposes only.

Stockton on Tees is market town in the North East of England in County Durham. It boasts a historical mixture of Georgian and Mediaval buildings. Stockton on Tees is part of the wider Teesvalley region. The area is served by strong transport links including national train lines, an airport and some of the most open motorways in the country. Top Russel group university Durham has its Queen's Campus which is linked to the town centre by the Teesquay Millennium Footbridge, Princess of Wales Bridge and the Infinity Bridge. Stockton plays host to plenty of attractions. There is a white water rafting course at Tees Barrage, country parks such as Ropner Park, Billingham Beck Park or Preston Hall Park & Museum. Stockton is home to over 100 acres of parkland overlooking the River Tees.

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