Description

We are delighted to offer for sale the very well kept shop with a spacious and equally well kept 3 bed room flat to the first floor.

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