Tranquility House Harbour Walk Hartlepool TS24 0UX

Tranquility House
Harbour Walk
Hartlepool
TS24 0UX

Substantial High Yielding Freehold Office Investment

Entirely let to Utility Alliance Enterprise Limited
Substantial Headquarters office overlooking Hartlepool Marina
Approximately 1,174.85 sq m (12,646 sq ft)
Potential change of use and future residential conversion opportunity (subject to lease)

Lot
33
Auction
23rd September 2020
Rent
£96,000 per Annum Exclusive
Status
Sold
Price
£585,000
Auction Venue
Live Streamed Auction

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Substantial High Yielding Freehold Office Investment

Entirely let to Utility Alliance Enterprise Limited
Substantial Headquarters office overlooking Hartlepool Marina
Approximately 1,174.85 sq m (12,646 sq ft)
Potential change of use and future residential conversion opportunity (subject to lease)

Lot 33
Auction 23rd September 2020
Rent £96,000 per Annum Exclusive
Status Sold
Price £585,000
Sector
Office
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 19 miles south-east of Durham,; 34 miles south of Newcastle upon Tyne
Roads: A19, A179, A689
Rail: Hartlepool Train Station
Air: Newcastle International Airport

Situation

The property is situated on the north side of Harbour Walk, within Hartlepool Marina. The property fronts the marina and benefits from stunning views over the water. There are various bars, cafes and restaurants nearby along Harbour Walk, as well as other nearby retailers close by along Marina Way (A19) including TK Maxx, Costa Coffee, Argos, Marks & Spencer, Carphone Warehouse, Asda Superstore and McDonald's.

Tenure

Freehold.

Location

Miles: 19 miles south-east of Durham,; 34 miles south of Newcastle upon Tyne
Roads: A19, A179, A689
Rail: Hartlepool Train Station
Air: Newcastle International Airport

Situation

Tenure

Freehold.

Description

The property comprises a detached office building arranged over ground and three upper floors. The property benefits from assigned parking, as well as potential for redevelopment, subject to necessary consents.

VAT

VAT is applicable to this lot.

Planning

Permitted development for change of use from office (B1) to residential (C3) was granted on 21st April 2016 (Ref: P/2016/0008). Local planning authority: Hartlepool Borough Council Tel: 44 (0)1429 268 522

Note

Please note that the buyer will pay 1% VAT of the purchase price towards the vendors costs in addition to the cost of searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Description

VAT

VAT is applicable to this lot.

Planning

Note

Please note that the buyer will pay 1% VAT of the purchase price towards the vendors costs in addition to the cost of searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second Third	Office Office Office Office	357.63 sq m 311.06 sq m 333.99 sq m 172.17 sq m	(3,850 sq ft) (3,348 sq ft) (3,595 sq ft) (1,853 sq ft)	UTILITY ALLIANCE ENTERPRISE LIMITED(1)	5 years from13/12/2016 until12/12/2021	£96,000
Total		1,174.85 sq m	(12,646 sq ft)			£96,000

(1) Utility Alliance is an energy consultancy set up by a board of directors with more than 30 years experience behind them in the sector. The business has grown rapidly since inception in 2015, and now operates with a workforce of approximately 40 staff in their Hartlepool Headquarters. With offices also in Newcastle and Sheffield, the company is continuing its growth across the length and breadth of the country (Source: www.utility-alliance.com)

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.