29 Wharton Street and 5 Errol Street, Hartlepool, Cleveland, TS24 8BQ

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…

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