Investment Properties for sale in North Yorkshire

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Ian McGregor (Nov 2013)
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Business Description
The Business Partnership has been instructed to sell this mixed use investment property.  The property consists of two popular retail units with a residential flat above each flat.

Hartlepool is a town in County Durham on the coast North East of England, 7.5 miles (12 km) north of Middlesbrough and 17 miles (27 km) south Sunderland. The Borough of Hartlepool includes the outlying suburban villages of Seaton Carew, Greatham and Elwick.

Hartlepool's economy has historically been linked with the maritime industry, something which is still at the heart of local business. Hartlepool Dock is owned and run by PD Ports. Engineering and the chemical industry related jobs employ many hundreds of people, with companies such as Hareema, Huntsman, Siemens, Abel UK and Hartlepool Nuclear Power Station.   The Power Station is the single largest employer in the town, employing 1 per cent of the town's working age people. If it is agreed to build a new plant on the site, it is forecast that 18,000 construction jobs, operational jobs and manufacturing jobs would be created.   Hartlepool's Historic Marina Brings in Tourism and has supporting attractions such as PS Wingfield Castle and HMS Trincomalee.

Middleton Grange Shopping Centre is the main shopping location. Major retail companies in the town Include Next, Argos, Marks and Spencer, Boots, Aldi and ASDA.   Aside from the local sports clubs, other local entertainment venues include a VUE Cinema and Mecca Bingo. 

The ground floor is occupied by:


Size 58.71 sq m

Rent £5980

RV £2800

Lease Term 01/10/12-30/09/2017

Fancy Dress

Size 72.67sq m

Rent £4420

RV £4200

Lease Term 01/02/2015-31/01/2020

2 Flats above premises

Assured Short Hold Tenancies £5200 = £10400

Vat   Any reference to price, premium or rent is deemed to be exclusive of VAT (if applicable) thereon. Where rents are quoted as inclusive figures this does not include VAT. Interested parties should clarify the incidence of VAT in any event with their legal advisors.

Viewing   Strictly by appointment only through agents.

Energy Performance Asset Rating Available upon request

Listed by: Business Partnership
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