Office for sale in Park Road, Hartlepool TS24

Fixed price £225,000 (£147.64/sq. ft)
Interested in this property? Call +44 191 686 9796 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Office for sale

1,524 sq. ft*

Property features

  • • Prominent location
  • • Offices Comprising 141.36 m2 (1,524 ft2)
  • • Virtual Freehold
  • • Annual rent £21,360 per annum
  • • Secure income Let to The Secretary of State for Communities and Government
  • • 3 years, 6 months to expiry
  • • 9.26% Net Initial Yield after purchaser’s costs

Property description

Opportunity


Bradley Hall are delighted to be appointed to market this prominent ground floor unit on Park Road, Hartlepool.


Location


The property is situated within the coastal town of Hartlepool within County Durham, Northeast England. The property itself occupies a prominent roadside position at the corner of Park Road and the A689, opposite Hartlepool College.


Description


Park Tower is a Grade ll Listed mixed-use building consisting of four ground floor retail/office buildings and 50 apartments. The subject property is a ground floor unit, with secure entry system with reception area and is currently laid out with stud partition walls providing 6no. Testing rooms with vinyl floor, suspended ceilings throughout and carpeted common areas. The accommodation includes kitchen, staff room and w/c facilities. Externally, there is car parking to the side and rear.


Accommodation


Unit B Ground 141.36 sq m 1,522 sq ft


Tenure


The property would be available long leasehold. The property is let to The Secretary of State for Communities and Local Government T/A dwp.


Asking price


We are instructed to invite offers in the region of £225,000 for our client’s long leasehold interest. Our client does not have to accept the highest nor any offer submitted to the agent.


Anti-money laundering regulations


In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.

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

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For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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