Lease expires April 2077 (approximately 61 years unexpired)
Next Rent Review April 2018
Site Area approximately 2.41 acres
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 46
Auction 13th October 2016
Rent £13,100 per Annum Exclusive
Status Sold
Price £285,000
Sector Ground Rent
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
1.5 miles north-west of Hartlepool town centre, 15 miles north of Middlesbrough, 21 miles south of Sunderland
Roads
A19, A179, A689, A1(M)
Rail
Hartlepool Railway Station
Air
Durham Tees Valley International Airport
Situation
The property is situated in an established industrial area on the northern side of Oakesway, close to its junction with Warren Road. The property is predominantly accessed from Warren Road which links to the A1049 West View Road to the east and the A179 Easington Road to the west. This connects to the A19 approximately 6 miles to the west. Other nearby industrial occupiers include Expert Cables, Britton Group, Phoenix Steel, Coveris and TMD Friction. University Hospital of Hartlepool is located about 500 metres away.
Tenure
Freehold.
Location
Miles
1.5 miles north-west of Hartlepool town centre, 15 miles north of Middlesbrough, 21 miles south of Sunderland
Roads
A19, A179, A689, A1(M)
Rail
Hartlepool Railway Station
Air
Durham Tees Valley International Airport
Situation
The property is situated in an established industrial area on the northern side of Oakesway, close to its junction with Warren Road. The property is predominantly accessed from Warren Road which links to the A1049 West View Road to the east and the A179 Easington Road to the west. This connects to the A19 approximately 6 miles to the west. Other nearby industrial occupiers include Expert Cables, Britton Group, Phoenix Steel, Coveris and TMD Friction. University Hospital of Hartlepool is located about 500 metres away.
Tenure
Freehold.
Description
The property comprises two large intercommunicating buildings arranged on the ground floor only. The property benefits from parking for approximately 26 cars and a site area of about 0.97 hectares (2.41 acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two large intercommunicating buildings arranged on the ground floor only. The property benefits from parking for approximately 26 cars and a site area of about 0.97 hectares (2.41 acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground
Industrial/Training Centre/Offices
1,093.43 sq m
(11,770 sq ft)
HARTLEPOOL BOROUGH COUNCIL
99 years from 27/04/1979 on a full repairing and insuring lease (2)
£13,100
03 /04/2018 and 20 yearly thereafter (2) (02/04/2077)
Totals
1,093.43 sq m
11,770 sq ft)
£13,100
(1) The landlord insures the property and recovers the premium from the tenant. The property is sublet to Tees Esk & Wear Valleys NHS Foundation Trust. (2) The rent is reviewed every 20 years to the current market value at the beginning of the rent review year - please see rent review clause in lease.
