Guide price
£95,000
Retail premises for sale94A Middleton Grange Shopping Centre, Hartlepool, Cleveland TS24
Just added
Auction
Leasehold
About this property
Guide Price = £95,000+
**For Sale By Public Auction 2nd September 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Commercial Unit Let Subject to an Fri Lease for £21,000 Per Annum (Rising to £25,000 Per Annum in 2028).
Tenure
Leasehold. The property is held on a 99 year lease from 26th February 1970 (thus approximately 42 years unexpired).
Location
The property is situated within Middleton Grange Shopping Centre close to local shops and amenities. The open spaces of Middleton Pier and Summerhill Country Park are within easy reach. Transport links are provided by Hartlepool rail station.
Description
The property comprises a mid terrace commercial unit situated within the Middleton Grange Shopping Centre arranged over the ground and first floors.
Accommodation
Ground Floor
Commercial Unit
481 sq m (5,178 sq ft)
First Floor
Ancillary Space
157 sq m (1,689 sq ft)
gia Approx. 638 sq m (6,867 sq ft)
Tenancy
The property is let on a 10 year Fri lease to mdshartle ltd from 11 April 2026. The lease benefits from a 12 month rent-free period, with income of £21,000 per annum from April 2027, rising to £25,000 per annum from April 2028, with upward-only rent reviews from Year 5. The tenant holds a break option in Year 7, subject to six months' prior written notice.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
Viewing Appointments to be Confirmed
**For Sale By Public Auction 2nd September 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Commercial Unit Let Subject to an Fri Lease for £21,000 Per Annum (Rising to £25,000 Per Annum in 2028).
Tenure
Leasehold. The property is held on a 99 year lease from 26th February 1970 (thus approximately 42 years unexpired).
Location
The property is situated within Middleton Grange Shopping Centre close to local shops and amenities. The open spaces of Middleton Pier and Summerhill Country Park are within easy reach. Transport links are provided by Hartlepool rail station.
Description
The property comprises a mid terrace commercial unit situated within the Middleton Grange Shopping Centre arranged over the ground and first floors.
Accommodation
Ground Floor
Commercial Unit
481 sq m (5,178 sq ft)
First Floor
Ancillary Space
157 sq m (1,689 sq ft)
gia Approx. 638 sq m (6,867 sq ft)
Tenancy
The property is let on a 10 year Fri lease to mdshartle ltd from 11 April 2026. The lease benefits from a 12 month rent-free period, with income of £21,000 per annum from April 2027, rising to £25,000 per annum from April 2028, with upward-only rent reviews from Year 5. The tenant holds a break option in Year 7, subject to six months' prior written notice.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
Viewing Appointments to be Confirmed
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