Dovecot Street, Stockton-On-Tees

Nightclub & Apartment Block
  • Purchase price: £600,000
  • 9 apartments
  • Basement nightclub
  • 2 ground floor shops
  • Yield = 10.22%

This beautiful building includes a basement nightclub which has been trading for over 35 years with a number of impressive refurbishments.

The ground floor of the building is divided into two shops, one being a hair salon and the other a café.

The first floor is divided into 4 apartments and the second floor is divided into 5 apartments.

There is a car park adjacent to the building which is free for the first hour. The property is within walking distance of the town centre with lots of additional car parks nearby.

Why invest in Stockton-On-Tees?

Stockton-on-Tees is a market town in the ceremonial county of County Durham, North East England. The town sits within the Tees Valley and the wider borough which has a population of 1.2 million.

The town’s high street is the widest in the UK with its standout landmark being the Town Hall, which dates back to 1735.

The town hall features the Georgian-style Shambles Market Hall which is the largest outdoor market in the North East of England and has been in existence since the 1300’s.

With major regeneration and development underway across an extensive range of sites and premises, Stockton-On-Tees is the single biggest development opportunity in the UK, creating 20,000 jobs in 25 years. It is home to world-leading businesses operating in the process, manufacturing, digital and creative sectors.

In addition to this, it is home to a £55 million Advanced Manufacturing Park which is set to attract international companies through its top-quality buildings, facilities and excellent transport links.
This town houses Teesside University which supports nearly 3,000 jobs and contributes £125 million to the economy. An impressive £300 million is planned on being invested into the university over the next 10 years.