Description
INCOME PRODUCING INVESTMENT*** FULL BUILDING in EXCELLENT TRADING POSITION. Well Established tenant in occupation producing £21,750 per annum on a FRI Lease.
Tenant: DP Realty Limited (1) (t/a Domino's) FRI Lease 20 years from 26.10.2020 Rent Reviews 2030 & 2035 Rent: £27,750 per annum
Comprising ground floor sales and preparation area, with office and storage accommodation provided on the upper floors. Total accommodation of approx. 152.91 sq m (1,646 sq ft)
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £27500 PER ANNUM
The property benefits from its proximity to Middleton Grange Shopping Centre and Hartlepool town-centre amenities, with a range of shops, cafés, banks and other services within easy reach.
INCOME PRODUCING INVESTMENT*** FULL BUILDING in EXCELLENT TRADING POSITION. Well Established tenant in occupation producing £21,750 per annum on a FRI Lease. Tenant: DP Realty Limited (1) (t/a Domino's) FRI Lease 20 years from 26.10.2020 Rent Reviews 2030 & 2035 Rent: £27,750 per annum Comprising ground floor sales and preparation area, with office and storage accommodation provided on the upper floors. Total accommodation of approx. 152.91 sq m (1,646 sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £27500 PER ANNUM The property benefits from its proximity to Middleton Grange Shopping Centre and Hartlepool town-centre amenities, with a range of shops, cafés, banks and other services within easy reach.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 20 Years
Rent: £21,750 per year / £1,813 per month
Yield: 8% (approx)
Tenant: Company
Notes: Tenant: DP Realty Limited (1) (t/a Domino's) FRI Lease 20 years from 26.10.2020 Rent review every 5th year Rent: £27,750 per annum
Maps & Location
Map Street View Satellitesituated within an established commercial area of Hartlepool, offering a convenient position close to the town centre and its associated amenities. York Road is a recognised commercial thoroughfare comprising a mixture of independent retailers, established businesses, financial services, food outlets and professional services. The surrounding area benefits from a combination of commercial and residential properties, creating an established trading environment with potential appeal to a variety of business occupiers and investors.
Document Downloads
Pricing Information & Bidding
Opening Bid: £280,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
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General Terms & Conditions of Sale
Lot Specific Terms - 178 York Road, Hartlepool, Cleveland