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£295,000

Marco Polo, York Road, Hartlepool, County Durham, TS26

  • 3 beds
Other

£295,000

  • 3 beds
Other
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Estimate monthly mortgage payment:

£1,347 per month

Minimum deposit amount:

£14,750
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A rare opportunity to purchase a large Town Centre restaurant on York Road in Hartlepool. Marco Polo's is located close to Hartlepool's busy main street, Shopping centre, a business centre and council offices, which is ideal for high customer footfall. The property consists of a vast restaurant & bar on the ground floor with a large commercial kitchen centrally located. Whilst upstairs you'll discover two good sized function rooms, which are currently being utilised as base for a specialist children's play group. In addition to the commercial space, a side door to the side of the building leads you up to a spacious 3 bedroom apartment which spans across 3 floors. The ground floor consists of a long reception hallway with a return staircase up to the first-floor accommodation. The first floor plays host to a kitchen, living room and a large double bedroom. A secondary staircase is location on the landing, which leads you up to the second-floor landing, directly servicing a family bathroom and two further large double bedrooms. This is a substantial commercial property with multiple revenue streams associated. Marco Polo currently operates a 7yr Full Repair Lease (renewed 1st July) generating a rental income of ?31,270 PA. The tenant is responsible for paying the landlord insurance. Council tax band: Not Required

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Stamp Duty tax
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£0
Mortgage and legal costs:
£999
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