Tenure: leasehold
A large retail unit located within the busy shopping centre of Middleton Grange, in the heart of Hartlepool town centre. The unit is ideally situated adjacent to two of the main entrances, with an expansive full height glazed façade, along with a secondary entrance to the rear opening out onto a communal green. Each entrance is fitted with shutters.
The ground floor space consists of 5,178sqft retail space with two individual changing rooms, a service lift and a staircase leading up to 1,689sqft of warehousing space with offices and a staff bathroom.
The unit is under a sub lease for a term of 44 years, with peppercorn rent.
The rateable value has been outlined as £46,000 with £22,954 payable.
Proposed plans have been drawn up with the potential to divide the vast unit into 6 smaller units, all with dual access points. These plans would require planning consent from Hartlepool Borough Council, but demonstrate the flexible potential of the unit to maximise the space and rental yield. Any planning consent would need to be obtained by the new owner.
Leasehold Information
Number of years remaining on the lease: 44 years
Current service charge and any review period:
- £14,233.75 per year
Council tax band: Not Required
Hartlepool, United Kingdom