York Road, Hartlepool
Size
2,450
Tenure
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EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- High street retail
- Frontage
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No floor / site plan
Key features
- Prime Location
- Available Fully Vacant
- Investment Opportunity
- 11.3% Return On Asking Price Once Fully Let
Description
Located on Hartlepool's popular York Road the property offers a great investment opportunity.
The ground floor retail unit which is occupied by the current property owner has previously been rented out at a rate of £7,200 per annum. Externally the premises benefit from a small yard which provides bin storage for the tenants and rear access to the ground floor retail unit.
Rateable Value - £6,900 - This ground floor unit will benefit from small business rates relief. It is strongly advised that any client makes their own enquiries with the relevant local authority.
The separately accessed first and second floor flat is currently a 3 bedroom flat but could be configured as a 4 bedroom dwelling, it is currently occupied, however, it is available vacant. Its estimated market rent is £600 per month for the flat.
Once fully occupied we anticipate the revenue of this property to be £14,400 per annum offering a 11.3% return on the asking price.
Available on a fully vacant basis - £127,000
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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York Road, Hartlepool
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Disclaimer - Property reference 230040955. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PARKER BARRAS COMMERCIAL LIMITED, North East. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.