About the property

COMMERCIAL PROPERTY INVESTMENT - 12.5% YIELD GROSS

A very rare opportunity to acquire a substantial parade of shops, fully let and well-presented having been completely refurbished in recent years. The properties are fully let, producing a particularly healthy gross rent of over £29,000 pax. The tenants are a mixture of commercial types, and the freehold also includes the reversion of the 6 flats presently above the shops (£50 pa per flat) and an advertising hoarding (£300 pa). The properties are situated in the heart of this thriving village, with frontage onto the main "Coast road" linking Hartlepool and Peterlee, with a pedestrian crossing directly to the front, and ample parking nearby. A summary of the rental income is shown below:

48 Middle Street                         £5400pa
50 Middle Street                         £4800pa
52-54 Middle Street                   £9360pa
56-58 Middle Street                   £8925pa
Leasehold Ground Rents             £600pa
Advertising Hoarding                   £300pa
                                              _______
                                                £29,385pa


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