* Comprises 2 x ground floor shops with ancillary at first floor (sealed)
* Let to Coral Racing limited until 2027 (no breaks)
* Future residential development potential, subject to planning
Investment Consideration:
Gross Initial Yield: 10. 50%
Rental Income: £13, 120 p. a.
VAT is not applicable to this property
Comprises 2 x ground floor shops with ancillary at first floor (sealed)
Let to Coral Racing limited until 2027 (no breaks)
Future residential development potential, subject to planning
Located in predominantly residential area within walking distance to
Hartlepool Town Centre and Train Station
Property Description:
The property comprises 2 x ground floor shops with ancillary accommodation at
first floor, which has been sealed off by the tenant.
The property provides the following accommodation and dimensions:
Ground Floor: 117. 60 sq m (1, 266 sq ft)
Open plan retail, Storage, Office, WC
First Floor: Not inspected
Ancillary
Tenancy:
The property is at present let to Coral Racing Limited (not in occupation) for
a term of 16 years from 28th February 2011 at a current rent of £13, 120 per
annum and the lease contains full repairing and insuring covenants. No breaks.
Location:
Hartlepool is located approximately 8 miles north of Middlesbrough and 17
miles south of Sunderland. The town benefits from excellent road
communications with the A689 dual carriageway providing direct links to both
the A19 and A1(M). The property is situated in an established suburban retail
area on the east side of Raby Road close to its junction with Chester Road and
Brougham Terrace.

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