Restaurant for sale

Mary Rowntrees, York Place, The Headland, Hartlepool, TS24 0QR

Guide Price* 2,339 sq. ft. | £330,000

Property Description

Commercial information

  • 2,339 sq ft (217 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Grade II Listed
  • Established Business
  • Prominent Location
  • Tenanted Investment
  • Total Area - 2,339.5 sq ft

Full description

TO BE SOLD AT AUCTION on 28th June 2016. Auction to be held at Kingston Park Rugby Ground at 5pm. Property sold under unconditional auction terms and conditions.

The subject property was originally constructed in 1886 as a church and has since been converted into a restaurant which is trading as 'Mary Rowntree's'. Construction is of red brick with sandstone dressings, welsh slate roof, a large dormer window and the original church windows remain following restoration.

The subject property is tenanted for a period of five years commencing in February 2015 with a rent payable of 24,000 per annum. The tenant also has the option to extend the lease written into the lease.

LOCATION
Mary Rowntree's possesses a prime corner spot, facing the harbour on York Place and is located in the Headland peninsula area of Hartlepool. The location is that of a largely residential area with commercial elements throughout. Commercial neighbours include The Pot House and the Duke of Cleveland public houses. The Headland area of Hartlepool is the area adjoining to the coast, located around 2 miles from the centre of Hartlepool. The subject property is also situated 20 miles north of Middlesbrough and 9 miles south of Peterlee.

ACCOMMODATION
The subject property is split into a range of mezzanine floors which offer the property a creative use of the space.

1st mezzanine - 877.3 sqft.
Bar area - 403.8 sq ft.
2nd mezzanine - 478.7 sq ft.
Total Area - 2,339.5 sq ft.

The subject property also benefits from a full commercial kitchen including two ranges, deep fat fryer, a number of preparation benches and dish washer.

To the second mezzanine floor there is a striking dormer window which overlooks the harbour. It illuminates the upper floor restaurant area whilst also providing spectacular views.

LISTED BUILDING
Mary Rowntree's restaurant, or St. Andrew's Church as is was previously known, holds Grade II listing status. It was granted this status on 31st March 1949. English Heritage Building ID: 433128

TENURE
The subject property is described as St Andrew's Church, York Place, Hartlepool, TS24 0QR, it is being offered by way of an unconditional auction Freehold sale and is provided with the Title Number: CE133347. Any interested parties should have their legal advisor check this.

BUSINESS DETAILS
Mary Rowntree's is an established business in the Hartlepool area and has become extremely popular among locals and has become known to serve a variety of drinks and delicacies. The business also benefits from it's prime coastal position with people visiting the area for walks along the coast.

The property is let out to Mary Rowntree's for a term of five years which commenced in February 2015. The rental income is 24,000 per annum, payable by of 2,000 payments per calendar month.

RATEABLE VALUE
With effect from the 1st April 2010 has an Adopted Rateable Value of 12,750 pounds. Our source for this, 'www.voa.gov.uk'. Any interested party should have their legal advisor check this. The Uniform Business Rate for the year commencing 2015/2016 is 49.7p in the pound.

EPC
The subject property is exempt from requiring an Energy Performance Certificate as befits its status as a Grade II listed building.

AUCTION INFORMATION
The subject property/site is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10A% deposit subject to a minimum of three thousand six hundred pounds. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (six hundred and fifty pounds plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.

Nearest stations

  • Hartlepool (1.1 mi)
  • Seaton Carew (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 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.

Map & Street View

Nearest stations

  • Hartlepool (1.1 mi)
  • Seaton Carew (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 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.

Disclaimer - Property reference 3278. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 2324392.


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