Town Centre Retail Opportunity within Popular Shopping Centre
Retail Unit located within Middleton Grange Shopping Centre
Approximately 638.05 sq. m. (6,867 sq. ft.) over ground and first floors
Asset Management Opportunity with Occupier Interest
Nearby retailers include Primark, Specsavers, Boots Opticians, H&M, JD Sports, McDonalds, Bodycare and Sports Direct
Lot 33
Auction 13th December 2023
Vacant Possession
Status Sold
Price £37,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
17 miles south-east of Durham, 20 miles north-east of Darlington
Roads
A19, A179, A689
Rail
Hartlepool Railway Station
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 property is located within the heart of the Middle Grange Shopping Centre in a prominent position within Hartlepool, and is considered the major shopping destination for the area. Other retailers within the centre include Primark, Specsavers, Boots Opticians, H&M, JD Sports, McDonalds, Bodycare and Sports Direct.
Tenure
Long Leasehold. Long Leasehold. Held for a term expiring 25th February 2069 at a peppercorn rent.
Location
Miles
17 miles south-east of Durham, 20 miles north-east of Darlington
Roads
A19, A179, A689
Rail
Hartlepool Railway Station
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 property is located within the heart of the Middle Grange Shopping Centre in a prominent position within Hartlepool, and is considered the major shopping destination for the area. Other retailers within the centre include Primark, Specsavers, Boots Opticians, H&M, JD Sports, McDonalds, Bodycare and Sports Direct.
Tenure
Long Leasehold. Long Leasehold. Held for a term expiring 25th February 2069 at a peppercorn rent.
Description
The property comprises a retail unit arranged over ground and first floors. The unit benefits from a prominent entrance inside the Middleton Grange Shopping Centre as well as from Victory Square.
VAT
VAT is applicable to this lot.
Planning
Hartlepool Borough Council has secured £13.8m from the governments Town Deal which was approved to be spent on the remodelling of Middleton Grange Shopping Centre by the Council’s Finance and Policy Committee in August 2022. The project is aiming for completion by March 2026 and is currently at the design stage. Further details available at www.hartlepool.gov.uk
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a retail unit arranged over ground and first floors. The unit benefits from a prominent entrance inside the Middleton Grange Shopping Centre as well as from Victory Square.
VAT
VAT is applicable to this lot.
Planning
Hartlepool Borough Council has secured £13.8m from the governments Town Deal which was approved to be spent on the remodelling of Middleton Grange Shopping Centre by the Council’s Finance and Policy Committee in August 2022. The project is aiming for completion by March 2026 and is currently at the design stage. Further details available at www.hartlepool.gov.uk
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 sq m
Floor Areas Approx sq ft
Possession
Ground First
Retail Ancillary
481.09 156.96
(5,178) (1,689)
VACANT POSSESSION
Total Approximate Floor Area
638.05
(6,867) (1)
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.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.
