Retail Investment with Flat in Hartlepool

A freehold mixed-use investment opportunity producing a current gross income of £18,000 per annum. The property comprises a retail shop and a self-contained flat, arranged over ground and first floors. The shop fronts the parade with access from Catcote Road, while the flat benefits from its own independent access to the rear along Walpole Road. The shop provides an open-plan layout finished to a good specification, including suspended ceiling tiles, recessed lighting panels, a carpeted floor, and staff welfare facilities. The ground floor is let to Coral Racing Limited (sublet to Alice House Hospice) on a lease running until 2nd February 2027 at a passing rent of £12,500 per annum, with terms agreed for a new 10-year lease with a break option at the 5th anniversary. The first-floor self-contained flat is let on an assured shorthold tenancy at £5,500 per annum. The property occupies a prominent position on Catcote Road, an established local commercial thoroughfare serving a substantial residential catchment, with a mix of retail, convenience, food, and service businesses nearby. Hartlepool town centre is approximately two miles away, offering regular public transport and good road links to the wider Teesside area. Ground floor accommodation extends to approximately 1,125 sq. ft. (104.55 sq. m), first floor to approximately 872 sq. ft. (81 sq. m), providing a total area of approximately 1,997 sq. ft. (185.55 sq. m). Energy performance ratings are B and D. Tenure is freehold, subject to existing tenancies.