The Business partnership has been instructed to offer this unique opportunity of investments properties for sale. This portfolio of properties based in Hartlepool, Stockton and Darlington provides a mix of secondary retail and residential accommodation. This property portfolio provides a very good yield compared alternative investments vehicles.
The properties are available to purchase as a portfolio and also on a single property basis. Full details of the properties can be made available upon further enquiry
Location of Portfolio
Hartlepool is a coastal town in County Durham 17Km from Middlesbrough and 27Km from Sunderland and has a population of 92,000.
Stockton is a market town town located on the north bank of the river Tees with a population of 84,000.
Darlington is a large market town based in County Durham with a population of 106,000.
The Property Mix
The properties are a mix of take away, restaurants, hairdressers, dance and music school as well as a number of workshops and residential flats above the retail outlets.
The commercial premises are let on either Law Society or full repairing and insuring leases. The lengths of these leases range from 3 - 10 years. All rents are up to date with no outstanding or bad debts.
The residential flats which range from 1 or 2 bedroom are let on assured short hold tenancy agreements.
Energy Performance Certificate:
EPC Rating: An Energy Performance Certificate will be made available upon request once our Non-Disclosure Agreement has been completed, and where one is required for the business premises.
This is a successful portfolio of properties has a low demand for management time. Income received is in the region of £157,000 per annum, which looks to offer over 9.32% return on investment. We feel that the full financial position is better explained by our client on a full viewing.
Current Yield 9.32%
Fully Let Yield 9.57%