Property for sale

Middle Street, Blackhall, TS27

£235,000

Property Description

Key features

  • Commercial Property Investment
  • 12.5% Gross Yield
  • 4 Seperate Shops
  • Main Road Trading Position

Full description

COMMERCIAL PROPERTY INVESTMENT - 12.5% YIELD GROSS

A very rare opportunity to acquire a substantial parade of shops, fully let and well-presented having been completely refurbished in recent years. The properties are fully let, producing a particularly healthy gross rent of over £29,000 pax. The tenants are a mixture of commercial types, and the freehold also includes the reversion of the 6 flats presently above the shops (£50 pa per flat) and an advertising hoarding (£300 pa). The properties are situated in the heart of this thriving village, with frontage onto the main "Coast road" linking Hartlepool and Peterlee, with a pedestrian crossing directly to the front, and ample parking nearby. A summary of the rental income is shown below:

48 Middle Street £5400pa
50 Middle Street £4800pa
52-54 Middle Street £9360pa
56-58 Middle Street £8925pa
Leasehold Ground Rents £600pa
Advertising Hoarding £300pa
_______
£29,385pa


More information from this agent

Listing History

Added on Rightmove:
28 July 2017

Nearest station

  • Hartlepool (5.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Kimmitt and Roberts, Houghton Le Spring

Imperial Buildings 1 Church Street Houghton Le Spring DH4 4DJ

0191 687 0455 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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Nearest station

  • Hartlepool (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kimmitt and Roberts, Houghton Le Spring

Imperial Buildings 1 Church Street Houghton Le Spring DH4 4DJ

0191 687 0455 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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