29 Wharton Street and 5 Errol Street, Hartlepool, County Durham TS24 8BQ

Auction Commencing on Monday 28th September at 1pm and ending 24 hours later on Tuesday 29th September at 11am with Auction House North East.

Please register to bid via our website - auctionhouse.co.uk/northeast Freehold Investment Opportunity – Block of Four Self-Contained Apartments – Fully Let – £24,936 Per Annum An excellent opportunity to acquire a substantial freehold residential investment comprising four self-contained apartments, prominently positioned on the corner of Wharton Street and Errol Street in Hartlepool.

The property is arranged over three floors and comprises two studio apartments and two one-bedroom apartments, all of which are currently occupied by established long-term tenants. We are advised that all tenants are mature single occupants, are paying their rent on time with no current arrears, and wish to remain in occupation following the sale.

The current rental schedule is:

Studio Apartment – £455 pcm Studio Apartment – £540 pcm

One-Bedroom Apartment – £520 pcm

One-Bedroom Apartment – £563 pcm

This provides a combined rental income of £2,080 per calendar month / £24,960 per annum.

Internally, the apartments provide self-contained living accommodation with kitchen facilities and shower/bathrooms. The building extends to approximately 123 sq m (1,324 sq ft) in total according to the supplied floor plan.

We are advised that the property has also benefited from a full roof replacement, providing a further attraction for investors.

A ready-made income-producing investment offering immediate rental income from four established tenancies, making this an attractive proposition for landlords and portfolio investors.

Tenure: Freehold Current Rental Income: £24,960 per annum Occupancy: Fully Let Accommodation: 2 x Studio Apartments & 2 x One-Bedroom Apartments Floor Area: Approximately 123 sq m / 1,324 sq ft Sold Subject to Existing Tenancies The property has double glazing. Tenure: Freehold EPC Rating: see legal pack Administration Fee: £3600 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.