Retail premises for sale in Middle Street, Blackhall TS27

• 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.