56-58, 56A, 58A Middle Street, Blackhall
Mixed Use Investment Opportunity
3,294 ft²
£180,000
Key Features
Features
Fully Let Mixed Use Investment opportunity
Passing rent of £20,070 per annum
Ground Floor Shop Let to Alice House Foundation
2no. Flat on AST (1 Bed and 2 Bed)
Floor Area 306 m2 (3,294 sq ft)
Gross Yield 11.15%
Property 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 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. flats (a 1 bedroom and a 2-bedroom flat) comprising kitchen, living room, storage and w.c and in good condition.
ACCOMMODATION
52-54 Middle Street, Blackhall, TS27 4EA 164 m2 (1765 sq ft)
52A Middle Street, Blackhall, TS27 4EA 57 m2 (614 sq ft)
54A Middle Street, Blackhall, TS27 4EA 85 m2 (915 sq ft)
306 m2 (3294 sq ft)
INVESTMENT DETAILS
The passing rent is £20,592 per annum.
Alice House Foundation occupy under a lease and have been in occupation c19 years.
The tenants of the first-floor flats occupy on an Assured Shorthold Tenancy.
A sale at the asking price reflects a gross yield of 11.15%.
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.
VIEWING & FURTHER INFORMATION
For all enquiries and viewing arrangements please contact Bradley Hall.
Tel: 01642 265 3000
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Our Services
We offer a full service approach to residential and commercial property.
