MapHeavy industrial for sale
Features and description
- Tenure: Leasehold
- Former restaurant
- Prime position
- Leasehold title
- Excellent opportunity for redevelopment
- Ideal for renovation
We are pleased to offer to auction this former restaurant property on Middleton Road, Hartlepool, Durham.
This prime leasehold property, located on Middleton Road in Hartlepool, Durham, presents an excellent opportunity for redevelopment or continued use in the hospitality industry. The building was previously operated as a restaurant and offers ample space for a variety of potential commercial ventures.
With 988 years remaining on the lease, the property provides long-term security for future development (STPP). It is situated in a highly visible location, benefiting from foot traffic and being close to local amenities and transport links. The spacious interior includes dining areas, a kitchen, and storage space making it ideal for renovation.
Whether you're looking to continue operating as a restaurant or explore alternative uses, such as retail, office space, or residential conversion, this property offers significant potential (STPP).
Contact us today to arrange a viewing or for more information.
Please note we have not inspected this property.
Rooms
Location
The premises are located on Hartlepool Marina close to Hartlepool Town Centre and Hartlepool train station. Nearby occupiers include a variety of bars, restaurants, offices and shops as well as a significant number of residential flats.
Tenure
Leasehold. Title number CE227493.
Lease Start Date: 21 Jan 2016
Lease End Date: 31 Dec 3012
Term Remaining: 988 Years
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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