* 10 residential apartments
Location
The property is located on Catcote Road, approximately 3 miles south of
Hartlepool town centre. The flats are located in a residential area, which is
served by The Fens Shopping Centre, which has a good selection of operators
including: Tesco Express, Greggs, Well Pharmacy, as well as numerous
independent operators. Transport links for the property are good, with the
A689 approximately 350 metres away. This provides a quick link into the town
centre.
Description
The investment is arranged as 5x3, 4x2 and 1x1 bedroom apartments, all let on
ast’s. The apartments are situated at first floor level above the commercial
element of The Fens Shopping Centre. Access to the flats is via the rear of
the property.
Price Offers in the region of £680, 000 for the long leasehold interest. This
represents a low capital value of £83. 95 psf, which is less than replacement
cost.
The purchaser may qualify for multi - unit relief on stamp duty. They should
rely on their own enquiries in this regard.
VAT The premises are not elected for VAT
EPC Rating tbc
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering,
Terrorist Financing and Transfer of Funds (Information on the Payer)
Regulations 2017 the Purchaser will be required to comply with our Anti Money
Laundering policy. Further details on request.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: