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
    23/Sep/2020
  • Rent
    £96,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £585,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • Tranquility House<br>Harbour Walk<br>Hartlepool<br>TS24 0UX
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    21.09.20
    File Size
    25 MB
    Login to View
  • 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
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Pearl & Coutts 9 White Lion Street
London
N1 9PD
James Thomson 0207 843 9196james.t@pearl-coutts.co.uk

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