Retail premises for sale in Middle Street, Blackhall TS27
Just added* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
• Passing rent of £20,592 per annum
• Ground Floor Shop Let to Bradley Lowery Foundation
• 1no. Flat on AST
• Floor Area 257.80 m2 (2,775 sq ft)
• Gross Yield 11.44%
Opportunity
Bradley Hall are 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 travel agent, hairdresser and charity shop. The double fronted, 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 2no. 1-bedroom flats comprising kitchen, living room, storage and w.c and in good condition.
Accommodation
52-54 Middle Street, Blackhall, TS27 4EA 142.80 m2 (1537 sq ft)
52A Middle Street, Blackhall, TS27 4EA 56.00 m2 (602 sq ft)
54A Middle Street, Blackhall, TS27 4EA 59.00 m2 (635 sq ft)
257.80 m2 (2775 sq ft)
Investment details
The passing rent is £20,592 per annum.
Bradley Lowery Foundation occupy under a lease until August 2026.
The tenants of the first-floor flats occupy on an Assured Shorthold Tenancy.
A sale at the asking price reflects a gross yield of 11.44%.
Tenure
The properties are to be sold freehold.
Asking price
We are instructed to invite offers of £180,000 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.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.