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178 Catcote Rd 5,371 SF Retail Building Hartlepool TS25 4RA $1,643,160 ($305.93/SF) 8.33% Cap Rate
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
Building Size
5,371 SF
Building Class
C
Year Built
2010
Price
$1,643,160
Price Per SF
$305.93
Cap Rate
8.33%
NOI
$136,875
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.64 AC
Parking
27 Spaces (5.03 Spaces per 1,000 SF Leased)
Frontage
236’ on Catcote Road
Amenities
- Signage
Nearby Major Retailers
1 of 7
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178 Catcote Rd
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