Unit 94A Middleton Grange Shopping Centre, Hartlepool, TS24 7RZ
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- View more: underthehammer.com
Description
For sale by Under the Hammer online auction on Wednesday 10th June 2026. Head over to our website to download the legal pack, register to bid and see more information.
Commercial property comprising a retail unit arranged over ground and first floors, with a gross yield of 20.83% per annum.
The property is situated in the heart of Middleton Grange Shopping Centre, the dominant retail scheme in Hartlepool. Hartlepool lies approximately 17 miles south-east of Durham and 20 miles north-east of Darlington, serving as a key commercial hub for County Durham. The unit occupies a prominent internal position within the centre, with additional access from Victory Square, benefiting from strong footfall and proximity to major national retailers.
Hartlepool Borough Council has secured £13.8 million under the Town Deal initiative to fund the redevelopment of Middleton Grange Shopping Centre, with completion targeted for 2028.
This provides potential for long-term capital growth and an enhanced retail environment.
The accommodation is arranged as follows:
Ground Floor (Retail): 481.09 sq m (5,178 sq ft)
First Floor (Ancillary): 156.96 sq m (1,689 sq ft)
Total: 638.05 sq m (6,867 sq ft)
(Floor areas sourced from VOA.)
Tenancy (Refer to Legal Pack)
The property is let to MDSHARTLE LTD on a 10-year lease from 16 April 2026 at a rent of £25,000 per annum exclusive.
The lease provides for:
Year 1: Rent free
Year 2: £21,000 per annum
Year 3 onwards: £25,000 per annum
The vendor will deduct a sum equivalent to the rent shortfall (£29,000 approx) from the purchase price on completion, ensuring the purchaser effectively receives £25,000 per annum from day one.
A rent deposit of £5,250 is held by the seller for the duration of the tenancy.
Tenure
Long under-leasehold interest held until 25 February 2069 at a peppercorn ground rent.
VAT is applicable to this lot.
It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC), subject to the relevant conditions being satisfied.
Here's what to do next
- Visit - Our website and view the auction terms.
- View - Book a viewing directly through our website.
- Register - Get registered prior to the auction opening date.
- Legal Pack - Download and view the legal pack to find out all the relevant information.
- Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
- Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
Brochures
Brochure 1Unit 94A Middleton Grange Shopping Centre, Hartlepool, TS24 7RZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hartlepool Station0.3 miles
- Seaton Carew Station1.9 miles
Notes
Disclaimer - Property reference a0YQ400000XT1UAMA1. 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 Under The Hammer, Covering Nationwide. 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.
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 Under The Hammer, Covering Nationwide on 03455 120115.
*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.”
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