Commercial property for sale in 25-27 Church Street, Hartlepool TS24, £295,000

295,000.00

Offer Nr.:
65614673
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Greig Cavey
Phone(s):
01429 718911

❖ Substantial three storey building
❖ Overall floor area of approximately 527 sq m/5, 670 sq ft
❖ Planning consent (now lapsed) for development of a bar, shop & apartments
❖ Upper floor would suit student accommodation (subject to planning)
❖ Situated in an area undergoing regeneration
Description
Substantial three storey property which is currently configured to provide a
bar/nightclub on the ground and first floor with living accommodation on the
second floor. The property was granted planning permission under local
authority planning reference H/2018/0005 for the development of a Gin Bar,
student gallery/coffee shop and five apartments. Our client advises that
whilst the consent has now lapsed the local authority would be open to grant
consent if a new application were to be made of a similar scheme.
Location
The property is located in the Church Street area of Hartlepool, which is of
mixed use with occupiers including leisure, office, retail, higher education
and dwellings. The area is currently undergoing regeneration with the local
authority’s goal to create an innovation and skills quarter centred around The
Northern School of Art and Hartlepool College of Further Education.
Accommodation
The ground floor is currently configured to provide two bars on the ground
floor, an upper floor a nightclub and living accommodation on the second
floor. In addition, there is basement storage.
Services
As far as we are aware there are mains supplies of gas, 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 has been commissioned and will be provided
on request.
Terms
For sale Freehold with vacant possession. Offers over £295, 000.
Nb: The ground floor and basement of 27 Church Street (Currently trading as
“Ding”) is held on a 999 Year lease at a peppercorn rent. The upper floors of
27 Church Street are included in the sale.
Rating Assessment
£7, 000 Obtained from the Valuation Office Agency ()
The ubr for the period 2023/2024 is 51. 2p in the pound. Rates payable are
therefore £3, 584 less any Small Business Relief or any other discounts, which
might be applicable.
Contact Information
For further information please contact Greig Cavey Commercial Limited.

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