Freehold Convenience Store Investment
Freehold Convenience Store Investment
Hartlepool is a port town and administrative centre of County Durham, approximately 17 miles south-east of Durham and 20 miles north-east of Darlington. The property is located on the west side of Raby Road, less than half a mile from Hartlepool Train Station in a predominantly residential area. Nearby occupiers on Raby Road include a Post Office and various independent shops, cafe's and takeaways.
Freehold.
Hartlepool is a port town and administrative centre of County Durham, approximately 17 miles south-east of Durham and 20 miles north-east of Darlington. The property is located on the west side of Raby Road, less than half a mile from Hartlepool Train Station in a predominantly residential area. Nearby occupiers on Raby Road include a Post Office and various independent shops, cafe's and takeaways.
Freehold.
The property comprises a single storey, triple fronted convenience store with basement and an external store to the rear of the property.
VAT is not applicable to this lot.
Six Week Completion
D. See legal pack at www.acuitus.co.uk.
The property comprises a single storey, triple fronted convenience store with basement and an external store to the rear of the property.
VAT is not applicable to this lot.
Six Week Completion
D. See legal pack at www.acuitus.co.uk.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | |
|---|---|---|---|---|---|---|
| Ground Basement Rear |
Retail/Ancillary Ancillary Store |
148.92 sq m 86.21 sq m 20.89 sq m |
(1,603 sq ft) (928 sq ft) (224 sq ft) |
YOUR LOCAL STORES GROUP LIMITED |
6 years from 18/06/2021 until 17/06/2027 on a full repairing and insuring lease |
£14,000 (1) |
| Total |
256.02 sq m |
(2,755 sq ft) |
£14,000 | |||
(1) There is a concessionary stepped rent currently being paid by the tenant, at £11,000 pa for the first year of the term, rising to £12,000 pa for the second year, £13,000 pa for the third year and £14,000 pa for the fourth year of the term. The Vendor has agreed to adjust the completion monies so that the property effectively produces £14,000 pa from completion of the sale until the concessionary stepped rent period has passed. Please see Special Conditions of Sale.
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.
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