Neighbouring occupiers include Spar, One Stop, Pizza Hut and an eclectic mix of local traders
Lot 46
Auction 12th February 2020
Rent £15,840 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
Property Information
Location
Miles
10 miles north of Middlesborough
18 miles south-east of Durham
Roads
A179, A689, A1
Rail
Hartlepool Train Station
Air
Newcastle International Airport
Situation
The property is prominently situated on the west side of Catcote Road, approximately a mile and a half south-west of Hartlepool town centre. Neighbouring occupiers include Spar, One Stop, Pizza Hut and an eclectic mix of local traders.
Tenure
Freehold.
Location
Miles
10 miles north of Middlesborough
18 miles south-east of Durham
Roads
A179, A689, A1
Rail
Hartlepool Train Station
Air
Newcastle International Airport
Situation
The property is prominently situated on the west side of Catcote Road, approximately a mile and a half south-west of Hartlepool town centre. Neighbouring occupiers include Spar, One Stop, Pizza Hut and an eclectic mix of local traders.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation and a self-contained first floor residential flat.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Description
The property comprises ground floor retail accommodation and a self-contained first floor residential flat.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground First
Retail Residential
104.55 sq m
(1,125 sq ft) Self-contained flat
CORAL RACING LTD (1)
16 years from 03/02/2011 on a full repairing and insuring lease (2)
(1) For the year ending 31st December 2017, Cora Racing Limited reported a turnover of £598,371,000, pre-tax profits of £7,642,000 and a total net worth of £75,914,000 (Source: Experian Group 07/01/2020). (2) The lease provides for a rent review in March 2021 to either a minimum of 2.5% per annum compounded or open market rental value. The rent will therefore rise to a minimum of £17,921.51 per annum upon review.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
