Retail premises for sale in 104 York Road, Hartlepool TS26

Description

Ground floor retail with upper floor storage, situated in a prominent position in Hartlepool Town Centre. The property is currently let at a rent of £6,000 per annum to January 2024 and based on recent letting evidence, we would anticipate the reversionary income to be in the region of £12,000 to £15,000 per annum.

Location

The property is well located within Hartlepool Town Centre and forms part of a popular section of York Road with occupiers including Coral, Santander, Robinsons Estate Agents and Virgin Money. The property is easily accessible by public transport and there are a number of town centre car parks within a short distance.

Accommodation

The ground floor extends to 58.42sq.m / 629sq.ft and includes a sales area, back shop/store and WC. The specification includes suspended ceiling with inset lighting, aluminium display window and external electric roller shutters. The first floor extends to 59.41sq.m / 639sq.ft and provides storage space which could potentially be used as offices if required.

Services

The property has benefit of mains supplies of water and electricity in addition to mains drainage. Interested parties should make their own enquiries in this regard.

Energy Performance Certificate

The Energy Performance Certificate Asset Rating is 70 (Band C). Full certificate available on request.

Terms

Offers in the region of £150,000. Purchaser to meet the vendors legal costs, estimated at £2,000 plus VAT.

Tenancy

The property is let to a private individual on a three-year lease term from the 1st February 2021 and expiring on the 31st January 2024, at a rent of £6,000 per annum.

Rating Assessment

£13,000 Obtained from the Valuation Office Agency (). The ubr for the period 2022/2023 is 51.2p in the pound. Rates payable are therefore £6,656 less any Small Business Relief or any other discounts, which might be applicable.