* Freehold Investment Property (business not for sale)
* Freehold Price £265, 000
* Tenanted
* 15 year Lease in place for business & premises
* Business premises & 5 bed property
* Rent of £14, 400
* Rent review 26 August 2023
Key Features
Tenanted
15 year Lease in place for business & premises
Business premises & 5 bed property
Rent of £14, 400
Rent review 26 August 2023
the is A 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. The next rent review is 26 August 2023 and every fifth
year.
Business Rates
The business is exempt from paying business rates and due to a rateable value
of under £12, 000
Rateable Value
£8, 700
The rateable value is used to calculate your rates bill so this is not the
amount you will pay
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.

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