Unit 34 Oakesway Industrial Estate Hartlepool County Durham TS24 0RB

Unit 34 Oakesway Industrial Estate
Hartlepool
County Durham
TS24 0RB

Freehold Ground Rent Investment

  • Let to Hartlepool Borough Council
  • Lease expires April 2077 (approximately 61 years unexpired)
  • Next Rent Review April 2018
  • Site Area approximately 2.41 acres
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    46
  • Auction
    13th October 2016
  • Rent
    £13,100 per Annum Exclusive
  • Status
    Sold
  • Price
    £285,000
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Ground Rent Investment

  • Let to Hartlepool Borough Council
  • Lease expires April 2077 (approximately 61 years unexpired)
  • Next Rent Review April 2018
  • Site Area approximately 2.41 acres
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 46
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £285,000
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
1.5 miles north-west of Hartlepool town centre, 15 miles north of Middlesbrough, 21 miles south of Sunderland
Roads
A19, A179, A689, A1(M)
Rail
Hartlepool Railway Station
Air
Durham Tees Valley International Airport
Situation

The property is situated in an established industrial area on the northern side of Oakesway, close to its junction with Warren Road. The property is predominantly accessed from Warren Road which links to the A1049 West View Road to the east and the A179 Easington Road to the west. This connects to the A19 approximately 6 miles to the west. Other nearby industrial occupiers include Expert Cables, Britton Group, Phoenix Steel, Coveris and TMD Friction. University Hospital of Hartlepool is located about 500 metres away.

Tenure

Freehold.

Location
Miles
1.5 miles north-west of Hartlepool town centre, 15 miles north of Middlesbrough, 21 miles south of Sunderland
Roads
A19, A179, A689, A1(M)
Rail
Hartlepool Railway Station
Air
Durham Tees Valley International Airport
Situation

The property is situated in an established industrial area on the northern side of Oakesway, close to its junction with Warren Road. The property is predominantly accessed from Warren Road which links to the A1049 West View Road to the east and the A179 Easington Road to the west. This connects to the A19 approximately 6 miles to the west. Other nearby industrial occupiers include Expert Cables, Britton Group, Phoenix Steel, Coveris and TMD Friction. University Hospital of Hartlepool is located about 500 metres away.

Tenure

Freehold.

Description

The property comprises two large intercommunicating buildings arranged on the ground floor only. The property benefits from parking for approximately 26 cars and a site area of about 0.97 hectares (2.41 acres).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two large intercommunicating buildings arranged on the ground floor only. The property benefits from parking for approximately 26 cars and a site area of about 0.97 hectares (2.41 acres).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground Industrial/Training
Centre/Offices
1,093.43 sq m
(11,770 sq ft)
HARTLEPOOL
BOROUGH
COUNCIL
99 years from 27/04/1979 on a full repairing and insuring lease (2) £13,100 03 /04/2018 and 20 yearly thereafter (2) (02/04/2077)
Totals  
1,093.43 sq m
11,770 sq ft)
    £13,100  

(1) The landlord insures the property and recovers the premium from the tenant. The property is sublet to Tees Esk & Wear Valleys NHS Foundation Trust.
(2) The rent is reviewed every 20 years to the current market value at the beginning of the rent review year - please see rent review clause in lease.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    63 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    580 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Browns Commercial 6 Innovation Court, Yarm Road
Stockton on Tees
TS18 3DA
Simon Brown 01642 607607 simon.brown@brownscommercial.co.uk
Seller's Solicitors
Pinsent Masons LLP The Soloist, 1 Lanyon Place
Belfast
BT1 3LP
Felicity Cinnamon 02890 894 903felicity.cinnamon@pinsentmasons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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