372 - 392, Catcote Road, Hartlepool, TS25 2LS

Summary This fantastic residential investment opportunity is located at The Fens Shopping Centre on Carter Road in Hartlepool.

The scheme comprises 10 residential apartments, eight of which are currently let on AST agreements and generating approximately £39,000 per annum.

Description This fantastic residential investment opportunity is located at The Fens Shopping Centre on Carter Road in Hartlepool.

The scheme comprises 10 residential apartments, eight of which are currently let on AST agreements and generating approximately £39,000 per annum.

The remaining two apartments are presently vacant, offering scope to increase the overall rental income.

The development is made up of a mix of spacious two and three bedroom apartments, all of which have been well maintained.

Several of the properties benefit from long-term tenants already in situ, making this a secure and attractive investment opportunity with strong potential for further growth.

Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.

This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.

This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property.

The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.

A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.

Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.

These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hallway Accessed via UPVC double glazed door, radiator, large walk in storage cupboard, loft access.

Kitchen Fitted with a combination of white wall and base units with contrasting working surfaces and complimenting splashback, inset stainless steel sink/drainer unit with mixer tap, recess for cooker, recess and plumbing for washing machine, wall mounted gas central heating boiler, UPVC double glazed window to rear.

Bathroom Fitted with a 3 piece white suite comprising of:- panelled bath with electric shower over, wall mounted wash hand basin, low level low flush WC, chrome heated towel rail, UPVC double glazed window to rear.

Living Room UPVC double glazed window to rear, radiator. Bedroom 1 UPVC double glazed window to rear, radiator. Bedroom 2 UPVC double glazed window to front, radiator.

Agents Note: Multiple EPC ratings as separate addresses. 1.

Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2.

General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.

Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.

The matters referred to in these particulars should be independently verified by prospective buyers or tenants.

Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.