Crown Buildings
Hartlepool
County Durham
TS24 8RZ

Substantial Freehold Office Investment

  • Let to Let's Connect (Eng) Ltd (formerly known as Hartlepool Mind), The Big League CIC and Hartlepool Care Services Limited
  • Let's Connect (Eng) Ltd in occupation since 1999
  • Hartlepool Care Services let on a renewed lease, having been in occupation since 2016
  • Substantial building comprising approximately 948.44 sq m (10,209 sq ft)
  • Close to Hartlepool Civic Centre, Morrisons, Asda, Marks & Spencer, TK Maxx, Currys PC World and Hartlepool United FC Ground
  • VAT-free investment
  • Lot
    29
  • Auction
    04/Nov/2021
  • Rent
    £52,350 per Annum Exclusive
  • Status
    Sold
  • Price*
    £430,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • Crown Buildings, Hartlepool, County Durham, TS24 8RZ
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
17 miles south-east of Durham
20 miles north-east of Darlington
28 miles south-east of Newcastle
Roads
A689, A1(M), A66(M)
Rail
Hartlepool
Air
Durham Airport
Situation

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 Crown Buildings occupy a prominent position less than half a mile east of Hartlepool Train Station with frontages to Raby Road, Avenue Road and Tees Street. The property is in a mixed-used location, with nearby occupiers including Morrisons Supermarket and fuel station, Hartlepool Civic Centre, Asda, Marks & Spencer, TK Maxx, Currys PC World and Hartlepool United FC Ground.

Tenure

Freehold.

Description

The property comprises five units currently arranged as three self-contained offices at ground floor level.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Various. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

UnitFloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReviews
Units 1 & 4GroundMental Health
Services
447.23 sq m
(4,814 sq ft)
LET''S CONNECT
(ENG) LIMITED
(Formerly known as
Hartlepool Mind) (1)
A term of years
from 07/09/2015
until 30/09/2024
£28,85001/10/2020
(outstanding)
30/09/2024
Units 2 & 3GroundOffice/Ancillary
330.27 sq m
(3,555 sq ft)
THE BIG LEAGUE
CIC (2)
7 years less 1
day from
04/12/2020 (3)
£13,50004/12/2025
Unit 5GroundOffice/Ancillary
170.94 sq m
(1,840 sq ft)
HARTLEPOOL
CARE SERVICES
LIMITED (4)
3 years from
05/10/2019
£10,000-
Total
948.44 sq m
(10,209 sq ft)
  £52,350 

(1) Previously known as Hartlepool Mind who provide support to individuals and communities in mental health and wellbeing (www.hartlepoolmind.co.uk).
(2) The Big League CIC aim to provide support to those that need it through aid and training provision (www.thebigleaguecic.org).
(3) Under the terms of the lease, there is a tenant option to determine in December 2023 and December 2025, as well as a landlord option to determine in December 2025. The lease is drawn up outside of the Security of Tenure provisions of the Landlord and tenant 1954 Act.
(4) Hartlepool Care Services Limited is a domiciliary care agency and is known locally as Carewatch. It provides personal care to adults living in their own houses and flats in the community (source: www.cqc.co.uk).

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

  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    487 KB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    602 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
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Associate Auctioneers
Greig Cavey Commercial Ltd 21 South Road
Hartlepool
TS26 9HD
Simon Cavey 01429 856361Simon.Cavey@greigcavey.com
Seller's Solicitors
Hill Dickinson LLP 50 Fountain Street
Manchester
M2 2AS
Jonathan Dover 0161 817 7290jonathan.dover@hilldickinson.com

Useful Links

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