Commercial Property for sale

Navigation Point, Hartlepool Marina, Hartlepool

£210,000

Property Description

Key features

  • INVESTMENT
  • RENTAL INCOME - 20,000.00 PER ANNUM
  • IDEAL LOCATION
  • 15 YEAR LEASE

Full description

Tenure: Leasehold


The unit is currently occupied as a coffee and 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.

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.

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.

SITUATION
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 Rosie O’Gradys, The Black Olive and Wallis & Co wine bar.

RENTAL
Term - 15 Year FRI lease (28/8/09 to 27/8/24)
Rent - £20,000.00 plus VAT per annum
Tenant - Kevin Peart and Julie Peart (AGA Provided)
Assignee - Peter Robinson and Carol Juke

GUIDE PRICE - £210,000.00.

EPC
EPC rating: D. A copy is available upon request.

ADDITIONAL INFO
The investment is to be sold on a 996 year lease hold basis with an annual ground rent payable of £250 per annum.
1,100 SQ FT [102 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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