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INVESTMENT OPPORTUNITY
10 BEDROOMS
PRIME TS1 LOCATION
VERSATILE BUILDING WITH LOTS OF POTENTIAL
COMMUNAL KITCHEN, BATHROOMS AND LIVING SPACE
TENURE - FREEHOLD
COUNCIL TAX BAND: B
Clarke Munro offer to the market this fantastic investment opportunity sitting in a prime location for Teesside University Students. The property generated a gross income of £52,800 within the last year and was rented by a charity - the versatile building was also used as council offices for many years. The property offers lots of potential for the right buyer with scope to alter the layout subject to necessary planning. Currently the property has 10 spacious bedrooms spread over 3 floors, 2 fully equipped kitchens and a communal space to the ground floor along with communal shower rooms. An internal viewing is highly recommended to appreciate this property to its fullest.
Based on property / land value of £450,000 there will be an approx of £ Stamp Duty due.
Tax Band
%
Taxable Sum
Tax
Less than £250k
0
£
£
£250k to £925k
5
£
£
£925k to £1.5M
5
£
£
Over £1,500,000
10
£
£
Over £1.5 million
12
£
£
Total
£
or purchases over £500k, SDLT is charged at 2% from £125k to £250k and 5% from £250k to £925k.
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound. Stampy Duty guide is approx. as of 1st April 2025 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information