Tranquility House Harbour Walk Hartlepool TS24 0UX

  • Tranquility House<br>Harbour Walk<br>Hartlepool<br>TS24 0UX

Tranquility House
Harbour Walk
Hartlepool
TS24 0UX

Substantial High Yielding Freehold Office Investment

  • Entirely let to Utility Alliance Enterprise Limited
  • Substantial Headquarters office overlooking Hartlepool Marina
  • Approximately 1,174.85 sq m (12,646 sq ft)
  • Potential change of use and future residential conversion opportunity (subject to lease)
  • Lot
    33
  • Auction
    23rd September 2020
  • Rent
    £96,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £585,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Update
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Substantial High Yielding Freehold Office Investment

  • Entirely let to Utility Alliance Enterprise Limited
  • Substantial Headquarters office overlooking Hartlepool Marina
  • Approximately 1,174.85 sq m (12,646 sq ft)
  • Potential change of use and future residential conversion opportunity (subject to lease)
  • Lot 33
  • Auction 23rd September 2020
  • Rent £96,000 per Annum Exclusive
  • Status Sold
  • Price £585,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
19 miles south-east of Durham,
34 miles south of Newcastle upon Tyne
Roads
A19, A179, A689
Rail
Hartlepool Train Station
Air
Newcastle International Airport
Situation

The property is situated on the north side of Harbour Walk, within Hartlepool Marina. The property fronts the marina and benefits from stunning views over the water. There are various bars, cafes and restaurants nearby along Harbour Walk, as well as other nearby retailers close by along Marina Way (A19) including TK Maxx, Costa Coffee, Argos, Marks & Spencer, Carphone Warehouse, Asda Superstore and McDonald's.

Tenure

Freehold.

Location
Miles
19 miles south-east of Durham,
34 miles south of Newcastle upon Tyne
Roads
A19, A179, A689
Rail
Hartlepool Train Station
Air
Newcastle International Airport
Situation

The property is situated on the north side of Harbour Walk, within Hartlepool Marina. The property fronts the marina and benefits from stunning views over the water. There are various bars, cafes and restaurants nearby along Harbour Walk, as well as other nearby retailers close by along Marina Way (A19) including TK Maxx, Costa Coffee, Argos, Marks & Spencer, Carphone Warehouse, Asda Superstore and McDonald's.

Tenure

Freehold.

Description

The property comprises a detached office building arranged over ground and three upper floors. The property benefits from assigned parking, as well as potential for redevelopment, subject to necessary consents.

VAT

VAT is applicable to this lot.

Planning

Permitted development for change of use from office (B1) to residential (C3) was granted on 21st April 2016 (Ref: P/2016/0008). Local planning authority: Hartlepool Borough Council Tel: 44 (0)1429 268 522

Note

Please note that the buyer will pay 1% VAT of the purchase price towards the vendors costs in addition to the cost of searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Description

The property comprises a detached office building arranged over ground and three upper floors. The property benefits from assigned parking, as well as potential for redevelopment, subject to necessary consents.

VAT

VAT is applicable to this lot.

Planning

Permitted development for change of use from office (B1) to residential (C3) was granted on 21st April 2016 (Ref: P/2016/0008). Local planning authority: Hartlepool Borough Council Tel: 44 (0)1429 268 522

Note

Please note that the buyer will pay 1% VAT of the purchase price towards the vendors costs in addition to the cost of searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x
Ground
First
Second
Third
Office
Office
Office
Office
357.63 sq m
311.06 sq m
333.99 sq m
172.17 sq m
(3,850 sq ft)
(3,348 sq ft)
(3,595 sq ft)
(1,853 sq ft)
UTILITY ALLIANCE
ENTERPRISE LIMITED(1)
5 years from13/12/2016 until12/12/2021 £96,000
Total
1,174.85 sq m
(12,646 sq ft)
    £96,000

(1) Utility Alliance is an energy consultancy set up by a board of directors with more than 30 years experience behind them in the sector. The business has grown rapidly since inception in 2015, and now operates with a workforce of approximately 40 staff in their Hartlepool Headquarters. With offices also in Newcastle and Sheffield, the company is continuing its growth across the length and breadth of the country (Source: www.utility-alliance.com)

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.

Property Documents

  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    533 KB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    292 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
Seller's Solicitors
Structadene Group 9 White Lion Street
London
N1 9PD
James Thomson 0207 843 9196james.t@pearl-coutts.co.uk

Useful Links

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

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