Pub for saleNavigation Point, Middleton Road, Hartlepool, County Durham, TS24
1,950 sq. ft. | £272,000
- 1,950 sq ft (181 sq m)
Located 12 miles (19 km) north of Middlesbrough and 26 miles (4 1 km) south of Newcastle Upon Tyne, Hartlepool benefits from good road connections north and south via the A19(T) and A1(M).
The town's railway station provides direct services to London Kings Cross and Newcastle.
Hartlepool has a resident population of approximately 86,000 and a catchment within 12 miles (20 km) of the town centre of approximately 637,000. The town is known for its port facilities and major tourist attractions including the Maritime experience, HMS Trincomalee Art gallery and Marina.
Navigation Point is the principal restaurant and bar location in Hartlepool and hosts a number of established operators including Casa Del Mar, Cinnamons and Spices. Additionally, there are a number of licensed bar operators including Port, The Compass Rose, The Black Olive and Wallis & Co wine bar.
The unit is currently occupied as a bar & bistro (under development) located overlooking Hartepool Marina which provides a mixture of retail, commercial and residential accommodation.
The marina is one of the north east's key tourist attractions and provides the highest concentration of restaurants in Hartlepool offering high quality cuisine from around the world.
Term - 10 years 3 months FRI lease (1/10/16 to 31/12/26)
Break Clause - 1/1/22
Review - 1/1/22
Rent - £27,200.00 + VAT per annum
Tenant - Oh This Is Us Ltd
Guarantor - Lyndsey Kelly
Guide Price over £272,000.00.
A copy is available upon request.
The investment is to be sold on a 996 year lease hold basis
with an annual ground rent payable of £250 per annum.
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