No longer on the market
This property is no longer on the market
MapShop
Shop
Features and description
OPPORTUNITY
Bradley Hall is delighted to be appointed to market this neighbourhood retail property, located within Blackhall. This opportunity is for a fully let, high yielding investment with asset management opportunities to increase value.
LOCATION
The property 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 an end of terrace of brick construction beneath a pitched slate roof.
To the ground floor comprises of a ground floor retail unit. The unit benefits from front sales area, w/c and the benefit of 3 phase power.
ACCOMMODATION
The building comprises 26.2 m2 (282 ft2).
INVESTMENT DETAILS
The passing rent is £4,420 per annum. The property is fully let to the tenant who is a hairdresser Based on the asking price, the gross yield equates to 11.05%. A full tenancy schedule can be provided
TENURE
The site is sold freehold.
TERMS
We are instructed to invite offers in the region of £40,000 for our client’s interest. Our client does not have to accept the highest nor any offer submitted to the agent.
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.
Bradley Hall is delighted to be appointed to market this neighbourhood retail property, located within Blackhall. This opportunity is for a fully let, high yielding investment with asset management opportunities to increase value.
LOCATION
The property 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 an end of terrace of brick construction beneath a pitched slate roof.
To the ground floor comprises of a ground floor retail unit. The unit benefits from front sales area, w/c and the benefit of 3 phase power.
ACCOMMODATION
The building comprises 26.2 m2 (282 ft2).
INVESTMENT DETAILS
The passing rent is £4,420 per annum. The property is fully let to the tenant who is a hairdresser Based on the asking price, the gross yield equates to 11.05%. A full tenancy schedule can be provided
TENURE
The site is sold freehold.
TERMS
We are instructed to invite offers in the region of £40,000 for our client’s interest. Our client does not have to accept the highest nor any offer submitted to the agent.
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.
About this agent
We are a multi-disciplinary chartered surveying and property consultancy with more than 25 years’ experience of the local housing market. Operating primarily from our Durham, Gosforth and Alnwick offices, our residential team is made up of highly qualified, motivated staff who pride themselves on offering an unrivalled personal service to homebuyers and sellers. We guide you through the sales process from instruction through to completion and strive to make this journey as hassle-free as possible. With our in-depth local knowledge, we are best placed to provide advice on the valuation, acquisition, disposal and letting of a wide range of homes. Our extensive marketing and negotiation skills enable us to get the best deal for you in a timely and efficient manner. We also provide consultancy services on a diverse range of regeneration projects, from city centre residential developments to mixed-use out-of-town schemes.