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Trinity Mews 3 Trinity Mews 11 Unit Apartment Building £850,000 (£77,273/Unit) Thornaby TS17 6BQ
Investment Highlights
- 11 residential units comprising nine terraced houses, one maisonette and one flat
- The portfolio is located towards the northern extent of Thornaby
- Thornaby-0n-Tees (Thornaby) is a town located in North Yorkshire
- Stockton-on-Tees town centre is within walking distance (c.1 mile)
Executive Summary
- The portfolio comprises 11 residential units comprising nine terraced houses, one maisonette and one flat. Each house is held freehold with the flat and maisonette held by way of long leasehold interests (999 years at a peppercorn rent). Please refer to the Portfolio Summary provided overleaf.
- Each property is broadly comparable in their form, type and specification. Each unit is of traditional cavity wall construction with brick-facing elevations under a pitched tiled roof with double-glazed windows. Internally, flooring is a mix of carpet, laminate and tiles, with painted walls and ceilings. Heating is provided via standard gas-fired central heating.
- Each unit benefits from a dedicated car parking space, as well as an external garden/courtyard area (except for 3 and 57 Trinity Mews being the flat and maisonette).
- Each lease is let to Mears Ltd for a period of 10 years – all leases expire between June and December 2029, providing 3+ years unexpired.
- Each property is broadly comparable in their form, type and specification. Each unit is of traditional cavity wall construction with brick-facing elevations under a pitched tiled roof with double-glazed windows. Internally, flooring is a mix of carpet, laminate and tiles, with painted walls and ceilings. Heating is provided via standard gas-fired central heating.
- Each unit benefits from a dedicated car parking space, as well as an external garden/courtyard area (except for 3 and 57 Trinity Mews being the flat and maisonette).
- Each lease is let to Mears Ltd for a period of 10 years – all leases expire between June and December 2029, providing 3+ years unexpired.
Property Facts
| Price | £850,000 | Apartment Style | Garden |
| Price Per Unit | £77,273 | Costar Property Class | B |
| Sale Type | Investment | Total Plot Size | 0.29 ac |
| Tenure | Freehold | Property Size | 24,832 sq ft |
| No. Units | 11 | No. Floors | 2 |
| Property Type | Build-to-Rent | Year Built | 1990 |
| Property Subtype | Apartment |
| Price | £850,000 |
| Price Per Unit | £77,273 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Units | 11 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | B |
| Total Plot Size | 0.29 ac |
| Property Size | 24,832 sq ft |
| No. Floors | 2 |
| Year Built | 1990 |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Security System
- Gated
- Storage Space
- Bicycle Storage
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent pcm | sq ft |
|---|---|---|---|
| 2+2 | 11 | - | - |
1 1
1 of 12
Videos
Matterport 3D Exterior
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Trinity Mews | 3 Trinity Mews
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