Key features
- Fully Let Mixed Use Investment opportunity
- Passing rent of £10,440 per annum
- Ground Floor Shop Let to Travel Agent
- 1no. Flat on AST
- Floor Area 127.10 m2 (1,368 sq ft)
- Gross Yield 10.44%
Description
OPPORTUNITY
Bradley Hall is delighted to be appointed to market this neighbourhood mixed use retail/residential property located within Blackhall. This opportunity is for a fully let, high yielding investment with asset management opportunities to increase value.
LOCATION
The block is located within Blackhall, just a short distance from Hartlepool, a district within County Durham. The property benefits from being situated on the busy A1086, linking Hartlepool and Peterlee.
DESCRIPTION
The building is a terraced block of brick construction beneath a pitched slate roof.
To the ground floor comprises a ground floor lock up retail unit, neighbouring a hairdresser, charity shop and retail/office use for a charity operation. The ground floor retail unit benefits from front sales area, with storage/kitchen and w/c to the rear and has 3 phase power.
The first floor comprises a 1-bedroom flat comprising kitchen, living room, storage and w.c and in good condition.
ACCOMMODATION
50 Middle Street, Blackhall, TS27 4EA 71.10 m2 (766 sq ft)
50A Middle Street, Blackhall, TS27 4EA 56.00 m2 (602 sq ft)
127.10 m2 (1368 sq ft)
INVESTMENT DETAILS
The passing rent is £10,440 per annum. Coconut Travel occupy under lease which is holding over.
The tenant of the first floor flat occupies on an Assured Shorthold Tenancy.
A sale at the asking price reflects a gross yield of 10.44%.
TENURE
The properties are to be sold freehold.
ASKING PRICE
We are instructed to invite offers of £99,950 for our client’s interest.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall on this basis, and where silent, offers will be deemed net of VAT.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
VIEWING & FURTHER INFORMATION
For all enquiries and viewing arrangements please contact Bradley Hall.
Tel: 01642 265 3000
Email: [email protected]
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