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Guide price

£159,999

(£159,999.00/sq. ft)

Retail premises for sale
York Road, Hartlepool TS26

    • From 1 - 10,000 sq. ft

Added on 12/07/2024

About this property

    For sale: Three-Storey Mixed-Use Property on York Road, Hartlepool

    Location:

    Situated in the vibrant heart of Hartlepool, this property enjoys a prime location on York Road, a bustling street within walking distance of Middleton Grange Shopping Centre. The area is a retail and lifestyle hub, attracting high foot traffic from locals and visitors alike. Surrounded by a mix of businesses, cafes, and essential services, the location offers strong appeal for both commercial and residential tenants.

    In addition to excellent accessibility, tenants benefit from nearby parking facilities and proximity to public transport, making this property an ideal choice for businesses and residents seeking convenience and connectivity.

    Notable nearby amenities include:

    Middleton Grange Shopping Centre: Home to well-known brands, dining, and entertainment
    Education and healthcare services: Schools, clinics, and hospitals
    Leisure and lifestyle: Hartlepool’s theaters, galleries, and a thriving night-time economy
    With Hartlepool undergoing regeneration efforts, this central location presents a high-potential, long-term investment in a rapidly growing area.

    Property Details:

    This mid-terrace, three-storey property consists of:

    Ground Floor: Retail unit with an existing tenant, generating steady income.
    Upper Floors: Currently configured as a large 6/7-bedroom flat across two stories, with a strong potential to convert into two self-contained flats to maximize rental returns.
    Potential Annual Returns:

    Ground Floor Retail Unit: £9,000
    First Floor Flat: £6,900
    Second Floor Flat: £6,900
    Total Projected Income: £22,800 per annum

    Tenure:

    Freehold, with a tenant in situ on the ground floor, offering stable, immediate returns.

    Viewings:

    Viewings are available for qualified buyers who provide verified proof of funds.

    Confidentiality:

    This is a confidential sale, and a non-disclosure agreement must be signed prior to receiving additional details.

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    Monthly repayment

    £800 per month

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