£450,000

Hotel for sale

  1.  185-187 York Road
  2.  185-187 York Road
  3.  Ground Floor
Just added

£450,000

(£87.80/sq. ft)

Hotel for sale

York Road, Hartlepool TS26

5,125 sq. ft

Local area information

Property location

Nearby amenities

  • Stranton Primary School 0.2 miles
  • Ward Jackson Primary School 0.3 miles
  • Hartlepool 0.6 miles
  • Seaton Carew 1.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Hartlepool to find out more about the local area.

Features and description

❖Former Hotel extending to approx. 476 sq m / 5,125 sq ft
❖Planning consent for 2 HMOs with in total 16 Bedrooms
❖Potential to increase Bedrooms to 18
❖Suit Student Market
❖Gross Rental when complete of £120,000 per annum

Description
Former Hotel which has planning consent under local authority reference H/2022/0095 for the development of 2no HMOs with each having 8 bedrooms which are for student accommodation. The property has been fully stripped out and is ready for first fix.

Location
The property is situated within Hartlepool Town Centre in an area of mixed use with surrounding uses including retail, office, restaurant / takeaway and leisure as well as dwellings. The property is approximately 0.6 miles from the Northern School of Art. Transport links are good with the property being close to the A689 which links directly to both the A19 & A1(M) and is also close to Hartlepool Train Station which has direct links to London and Newcastle amongst others.

Accommodation
The overall gross area is approximately 476 sq m / 5,125 sq ft. The approved plans for 185 York Rd provide for an Office, Living/Dining Room, Kitchen, 4 en-suite rooms and 4 rooms with a bathroom shared between 2 bedrooms. The approved plans for 187 York Rd provide for a Lounge, Dining Room, Kitchen, 4 en-suite rooms and 4 rooms with a bathroom shared between 2 bedrooms. There would be potential to increase the number of bedrooms by using the Office in 185 and Lounge in 187 to create 2 additional bedrooms which would add to the rent roll.

Link to planning application with plans & decision notice:

Services
As far as we are aware the property has mains supplies of gas, water and electricity. Interested parties should make their own enquiries.

Energy Performance Certificate
There is no Energy Performance Certificate available and at present an EPC could not be provided as there is no lighting, heating or hot water systems in situ.

Terms
For sale Freehold offers in the region of £450,000.

Rating Assessment
£8,000 Obtained from the Valuation Office Agency (). The property would need to be reassessed on completion of the development and it may be possible to have the property removed from the rating list during the development period. Please contact Hartlepool Borough Council for more information.

More information

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  2. Commercial for sale
  3. Hartlepool
  4. York Road