REF 5862

Freehold 5 Bedroom Property with Business Lease (BUSINESS NOT FOR SALE)

Hartlepool

Description

FREEHOLD INVESTMENT PROPERTY, THE BUSINESS IS NOT FOR SALE

A single let building made up of 1 retail unit and a five bedroom accommodation situated over the basement, ground, first and second floors. The business is operating as a convenience store and off licence with the tenant holding a 15 year lease commencement 2020 with an annual rental income of £14,400 which incorporates the business and the accommodation.

Location

The property is located to the North of Hartlepool Town Centre on the corner of Powlett Road. Surrounding occupiers include the Hartlepool Marina, Northern School of Art, National Museum of the Royal Navy Hartlepool College of Further Education and Hartlepool Train Station. There are a number of town centre car parks in the vicinity of subject property which are free on a short stay basis. Road links are good with the property being a short distance from the A689 which links directly to the regional and national road networks.

Premises

The property consists of a five bedroom detached building, brick built under a pitched tile roof with the added feature of uPVC glazed windows. The retail premises consists of the trading, area, internal storage and toilet occupying the business premises on the ground floor, with dual access to the accommodation from the trading area and external door.

The accommodation incorporates the first floor premises with a living space to the front, 2 bedrooms and kitchen to the side and bathroom to the rear. Access from the landing leads to the second floor with 3 double bedrooms with a forth room incorporating the toilet and shower area.

Leases

The premises is holding over at a rent of £14,400 per annum for the business and accommodation. The tenant has been in occupation since the commencement date of 26 August 2020. Rent review every fifth year.

Terms

For Sale Freehold at an asking price of £265,000.

EPC Rating

This business premises current energy rating was E and expired 30 August 2022

Tenure

Freehold

Measurements*

Basement
internal Storage 80m² (860ft²)

Ground Level
Retail zone 46.88m² (504ft²)
Internal Storage 14.73m² (158ft²)

Total 61.61m² (663ft²)

First Floor
Accommodation 76.4m² (822ft²)

Second Floor
Accommodation 76.5m² (823ft²)

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Disclaimer Notice

All information provided within the advert is subject to our standard terms and conditions of A1 Businesses for Sale. See our disclaimer page for more details.

Viewings

Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.

Business Rates
The business is exempt from paying business rates and due to a rateable value of under £12,000

Rateable Value
£8,700

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) click here for more information

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