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 4th November 2021
Rent £52,350 per Annum Exclusive
Status Sold
Price £430,000
Sector Office
Auction Venue Live Streamed Auction
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.
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.
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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Units 1 & 4
Ground
Mental 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
£28,850
01/10/2020 (outstanding) 30/09/2024
Units 2 & 3
Ground
Office/Ancillary
330.27 sq m
(3,555 sq ft)
THE BIG LEAGUE CIC (2)
7 years less 1 day from 04/12/2020 (3)
£13,500
04/12/2025
Unit 5
Ground
Office/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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Contacts
Associate Auctioneers
Greig Cavey Commercial Ltd 21 South Road Hartlepool TS26 9HD
