Property photos
£680,000
(£83.95/sq. ft)
Block of flats for sale
Catcote Road, Hartlepool TS258,100 sq. ft
Local area information
Property location
Nearby amenities
- Fens Primary School 0.1 miles
- St Teresa's RC Primary School 0.3 miles
- Seaton Carew 1.3 miles
- Hartlepool 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- 10 residential apartments
Location
The property is located on Catcote Road, approximately 3 miles south of Hartlepool town centre. The flats are located in a residential area, which is served by The Fens Shopping Centre, which has a good selection of operators including: Tesco Express, Greggs, Well Pharmacy, as well as numerous independent operators. Transport links for the property are good, with the A689 approximately 350 metres away. This provides a quick link into the town centre.
Description
The investment is arranged as 5x3,4x2 and 1x1 bedroom apartments, all let on ast’s. The apartments are situated at first floor level above the commercial element of The Fens Shopping Centre. Access to the flats is via the rear of the property.
Price Offers in the region of £680,000 for the long leasehold interest. This represents a low capital value of £83.95 psf, which is less than replacement cost.
The purchaser may qualify for multi-unit relief on stamp duty. They should rely on their own enquiries in this regard.
VAT The premises are not elected for VAT
EPC Rating tbc
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.
The property is located on Catcote Road, approximately 3 miles south of Hartlepool town centre. The flats are located in a residential area, which is served by The Fens Shopping Centre, which has a good selection of operators including: Tesco Express, Greggs, Well Pharmacy, as well as numerous independent operators. Transport links for the property are good, with the A689 approximately 350 metres away. This provides a quick link into the town centre.
Description
The investment is arranged as 5x3,4x2 and 1x1 bedroom apartments, all let on ast’s. The apartments are situated at first floor level above the commercial element of The Fens Shopping Centre. Access to the flats is via the rear of the property.
Price Offers in the region of £680,000 for the long leasehold interest. This represents a low capital value of £83.95 psf, which is less than replacement cost.
The purchaser may qualify for multi-unit relief on stamp duty. They should rely on their own enquiries in this regard.
VAT The premises are not elected for VAT
EPC Rating tbc
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.
More information
Listed by
Assembly Commercial Real Estate
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