Retail premises for sale

Murray Street, Hartlepool TS26

For sale

8 Murray Street, Hartlepool, TS26 8PB
Price: £50,000
❖Occupied end of terrace building arranged as a ground floor retail unit with upper floor storage
❖Asking price reflects a gross yield of 10.41%
❖Tenant in occupation for over 10 years
❖Located in a prominent location close to Sainsbury’s convenience store
❖Free on street car parking

Description
Ground floor retail unit with upper floors and basement storage.

Location
The property is located on Murray Street to the West of Hartlepool Town Centre. Murray Street includes a variety of retail units, convenience stores, charity shops, cafes, hair salons and hot food takeaways. There is free short stay on street parking to the front of the property.

Accommodation
The ground floor extends to approximately 53.1 sqm / 571.57 sq. Ft and comprises sales area, staff area and WC.
The first floor extends to approximately 36.4 sqm / 391.81 sq. Ft.
The basement extends to 11.9 sqm / 128.09 sq. Ft.

Terms
The property is occupied on a full repairing and insuring 4-year lease from April 2024 at a rent of £4,800 per annum. The lease provides the tenant with the option to break at any time during the lease term with at least 2 months written notice.

Energy Performance Certificate
Energy Performance Asset Rating 46 (Band B). Full Certificate Available on request.

Services
As far as we are aware each part of the property has its own independent services. Interested parties should satisfy themselves in this regard.

Terms
The premises are offered for sale at an asking price of £50,000.

Rating Assessment
£4,350 obtained from the Valuation Office Agency ()
The ubr for the period 2026/2027 is 43.2p in the pound. Rates payable are therefore £1,879.2 less and Small Business Relief or any other discounts, which may be applicable. Please contact the local authority for further information.