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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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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

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

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

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.