Retail premises for sale in High Newham Court, Hardwick TS19
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Great location
- Fully Occupied
- Investment Opportunity
- Scope for improvement
- Ample Parking
Property description
Hardwick is located in the West of the borough of Stockton On Tees and has a population of in excess of 8,500 with the borough of Stockton having a population of 197,348 (2019)
The fully occupied shopping parade is opposite North Tees Hospital and nearby occupiers include Spa, Greggs and Subway.
Meadow Rise housing development which was recently completed adding 780 homes to an already densely populated housing estate.
Ample free parking is provided in nearby public car parks
Accommodation
12 retail units creating over 14,900sqft situated on the ground floor with 24 apartments on the upper floors that have all been sold on long leasehold. The ground floor generates a rental income of £52,422 per annum.
The 24 apartment's generate a ground rental income of £2,700 P.A
Total area 1.07 acres.
Service Charge
The service charge is operated by the current freeholder and charges management fees of £6,735. A budget report is available upon request.
VAT
The property is elected for VAT. It is anticipated that the transaction will be treated as togc.
EPC
Available upon request
Fees
Buyer is to make a contribution to the surveyors fees at 1.5% of sale price.
O.I.R.O £640,000
Our Ref:
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Parker Barras, TS2 on +44 1642 966828 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Parker Barras, and do not constitute property particulars. Please contact Parker Barras for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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