Commercial Property for sale

Navigation Point, Hartlepool Marina, Hartlepool

Guide Price £400,000

Property Description

Key features

  • INVESTMENT
  • FOR SALE
  • 10 YEAR LEASE
  • PRODUCING 40,000.00 PER ANNUM
  • PRIME LOCATION

Full description

This unit is currently occupied as an American style restaurant located overlooking Hartlepool 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.

LOCATION
Located 12 miles (19 km) north of Middlesbrough and 26 miles (41 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.

SITUATION
Navigation Point is the principal restaurant and bar location in Hartlepool and hosts a number of established operators.

RENTAL
Term: 10 years FRI lease (29/4/16 to 28/4/26)
Break Clause: 29/4/21 (Review 29/4/21)
Rent: £40,000.00 + VAT per annum

GUIDE PRICE - £400,000.00

EPC
EPC rating: E. Copy is available upon request

ADDITIONAL INFORMATION
Thee investment is to be sold on a 996 year lease hold basis with annual ground rent payable of £250 per annum.
3,000SQ FT[278 SQ M]




Nearest stations

  • Hartlepool (0.6 mi)
  • Seaton Carew (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Open House Estate Agents , Nationwide

113 Wolverhampton Road Stafford ST17 4AH

020 8012 6473 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Hartlepool (0.6 mi)
  • Seaton Carew (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Open House Estate Agents , Nationwide

113 Wolverhampton Road Stafford ST17 4AH

020 8012 6473 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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