Retail premises for sale
Elwick Road, Hartlepool TS26
- Investment
Offers over
£420,000
(£134.23/sq. ft)
Property Listing Details
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Property details
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Description
Hartlepool, with a population of some 87,000, is located approximately eight miles north of Middlesbrough. The town benefits from excellent road communications, with the A689 dual carriageway providing direct links to both the A19 and the A1(M). The unit is located in a residential suburb 1 mile south of Hartlepool town centre. The property is situated in a neighbourhood local retail parade with various other local occupiers.
The building is a two storey corner brick building under a pitched slate roof. The retail shop is arranged over the ground floor with ancillary and staff accommodation to the
rear. There is an additional 2,662 sq ft of underutilized space on the first floor. The premises benefits from good on street parking in front of the unit.
The whole property is let to Martin McColl Limited for a term of 16.5 years from the 25th August 2018 on Fri terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £27,500 per annum. The vendor will top up the rent to £28,329 per annum from completion until 25th February 2025 by way
of a reduction in the purchase price.
The building is a two storey corner brick building under a pitched slate roof. The retail shop is arranged over the ground floor with ancillary and staff accommodation to the
rear. There is an additional 2,662 sq ft of underutilized space on the first floor. The premises benefits from good on street parking in front of the unit.
The whole property is let to Martin McColl Limited for a term of 16.5 years from the 25th August 2018 on Fri terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £27,500 per annum. The vendor will top up the rent to £28,329 per annum from completion until 25th February 2025 by way
of a reduction in the purchase price.
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Local Amenities
- Hartlepool 0.7 miles
- Seaton Carew 1.6 miles
- Stranton Primary School 0.3 miles
- Eldon Grove Academy 0.4 miles
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