Commercial Property for saleNavigation Point, Hartlepool Marina, Hartlepool
Guide Price £400,000
- FOR SALE
- 10 YEAR LEASE
- PRODUCING £40,000.00
- IDEAL LOACTION
The unit is currently occupied as a wine bar 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.
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. 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.
Tenant - Jeanette French T/A Vibes
Term - 10 years FRI lease (27/5/16 to 26/5/26)
Break Clause - 27/5/21
Rent - £40,000.00 + VAT per annum
Guide Price - £400,000.00.
EPC rating: D. 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.
3,000 SQ FT [278 SQ M]
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