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178 Catcote Rd 5,371 sq ft Retail Property Hartlepool TS25 4RA £1,200,000 (£223.42/sq ft) 8.33% Net Initial Yield
Investment Highlights
- Prominent corner roadside location
- Excellent road connections to the A689 dual carriageway providing direct links to both the A19 and A1
- Densely populated residential area
- Brierton Sports Centre and a significant education and learning campus are located opposite the property
Executive Summary
The property is situated on a prominent corner position on the west side of Catcote Road, at its junction with Brierton Lane, in a densely populated residential area approx. 2 miles south west of Hartlepool town centre.
The property comprises a modern purpose built supermarket built in 2013 which is arranged on ground floor only, located on a prominent corner site and benefits from on-site parking for approximately 36 vehicles.
The property comprises a modern purpose built supermarket built in 2013 which is arranged on ground floor only, located on a prominent corner site and benefits from on-site parking for approximately 36 vehicles.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Supermarket
Property Size
5,371 sq ft
Costar Property Class
C
Year Built
2010
Price
£1,200,000
Price per sq ft
£223.42
Yield
8.33%
NOI
£99,960
Tenancy
Single
Number of Floors
1
Plot ratio
0.19
Total Plot Size
0.64 ac
Parking
27 Spaces (5.03 Spaces per 1,000 sq ft Leased)
Frontage
236 ft on Catcote Road
Amenities
- Signage
Nearby Major Retailers
1 of 7
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178 Catcote Rd
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