Hotel/guest house for sale in Middle Street, Town TS27, £440,000

440,000.00

Offer Nr.:
61388748
Type of ad:
for Sale
Property type:
Hotel/guest house
Contact name:
Hardwick Associates Limited
Phone(s):
0191 563 0550

This fantastic Property Investment Opportunity has been reduced to sell
Hardwick Hotel, Blackhall Colliery, TS27 4EE.
This is one totally detached freehold property with 8 rented properties within
with a potential of another 2
Up to date Accounts available.
1\. Brief History
The Hardwick hotel was built over 100 years ago, it was built to a very high
standard, and it is still in fine condition. The various rooms in this large
property were used shortly after the birth of the colliery to distribute
miner’s wages and later to collect union dues. At the entrance to the main bar
hangs the original Blackhall Miners banner.
2\. General Description of the Property
This is a rare opportunity to buy the very heart of a town. The current owner
is local and has owned the premises for 30 years. The Hardwick Hotel is a
completely detached freehold group of properties on the main high street in
the very centre of a thriving community. The tenure for the entire group of
properties is Freehold. The property consists of, The Main Hardwick Hotel
building, the Outbuildings, and an independent Taxi Rank and Garage. The
entire plot measures 1428 M2 and is completely surrounded by public highways.
There is ample private parking to the north and south of the site.
Hardwick Hotel Plot and Buildings
The entire freehold is currently divided into the following eight properties,
and all have individual addresses. Some parts of the property are unused and
further development is possible to provide more income.
1\. 1 Hardwick Court - End Terraced Two Bedroom House
2\. 2 Hardwick Court – 1 Bedroom Studio Flat
3\. 3 Hardwick Court – 1 Bedroom Studio Flat
4\. 4 Hardwick Court – Retail Outlet (Shop)
5\. 5 Hardwick Court – Café
6\. 6 Hardwick Court – Taxi Rank
7\. 7 Hardwick Court – Two industrial units with compound yard area
8\. The Hardwick Hotel – Pub/Hotel/Function suite
All properties are currently rented to local people long term
3\. Brief Description of the Individual Properties
The Hardwick Hotel
The Hardwick Hotel is a large public house and hotel within the main building.
The total floor area is 910 M2. It is in the centre of Blackhall Colliery High
Street. There are currently 4 guest rooms that benefit good occupancy through
.
The managers flat has an independent kitchen and lounge. Rooms are in demand
in the area and there is potential to create another 4 rooms in current unused
areas.
Rental Arrangement. The current status of the hotel is with tenant but since
the tenants are linked to ownership this would or could be made vacant on
possession
1 Hardwick Court
This two - bed end terraced house is at the north end of the outbuildings
(Hardwick Court). It is fitted out to a high standard and is of modern design.
The exterior is also of a high standard. The property has all independent
utility metered services
Rental Arrangement. Rented to existing tenant for the last 8 years with formal
residential tenancy agreement.
2 Hardwick Court
This property is a small studio first floor flat which has been fitted out to
a high standard. The design is in - keeping with the original 100 - year - old
outbuildings
Rental Arrangement. Rented to existing tenant for the last 5 years with formal
residential tenancy agreement.
3 Hardwick Court
This property is a small studio first floor flat which has been fitted out to
a high standard. The design is in - keeping with the original 100 - year - old
outbuildings
Rental Arrangement. Rented to existing tenant for the last 5 years with formal
residential tenancy agreement.
4 Hardwick Court
This property is situated at the south end of the outbuildings. It is a retail
outlet (Shop) which was rented as a salon for many years. However, it has now,
in the last year been used by the current tenant to sell pet supplies locally
and on - line.
Rental Arrangement. Rented to existing tenant for the last year with formal
commercial tenancy agreement.
5 Hardwick Court
This Café, currently trading as ‘Blondies Diner’ is a busy high street café
situated in the north end of the main Hardwick buildings.
Rental Arrangement. Rented to existing tenant for the last 8 years with formal
commercial tenancy agreement.
6 Hardwick Court
Small stand - alone brick building with tiled roof. It has a water and
electricity supply and consist of main office and a separate toilet/washroom
currently used as a taxi rank.
Rental Arrangement. Rented to existing tenant for the last 8 months with
formal commercial tenancy agreement.
7 Hardwick Court
This facility consists of a stand - alone brick - built workshop, a double garage
with shop facia housed adjacent in the Hardwick outbuildings and Yard space
for storage. Entrance is by large double gates at the north end of the site.
It was originally going to be used as a micro - brewery, but the current tenant
uses the premises to renovate vintage cars.
Rental Arrangement. Rented to existing tenant for the last 8 months with
formal commercial tenancy agreement.
Summary of rents
1 Hardwick Court £440 pm
2 Hardwick Court £550 pm
3 Hardwick Court £600 pm
4 Hardwick Court £400 pm
5 Hardwick Court £440 pm
6 Hardwick Court £200 pm
7 Hardwick Court £400 pm
Hardwick Pub £1600 pm
2 x Large rooms to be developed for rental
Total potential income £4500+
Accounts available

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