Skip to main content

Restaurant for sale

York Road, Hartlepool, Durham, TS26 8AD
Auction
Restaurant
5,780 sq ft / 537 sq m
Added < 14 days

Features and description

  • Tenure: Freehold
  • Large Restaurant & Bar
  • 3 Bedroom Apartment
  • First Floor Function Rooms
  • Rare Opportunity
  • Generating a rental income of £31,270
  • Town Centre Restaurant on York Road
*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction this rare opportunity to purchase a large town centre restaurant on York Road in Hartlepool. Marco Polo’s is located close to Hartlepool’s busy main street, shopping centre, a business centre and council offices, which is ideal for high customer footfall.

This is a substantial commercial property with multiple revenue streams associated.

Marco Polo currently operates a 7 year full repair lease (renewed 1st July) generating a rental income of £31,270 PA. The tenant is responsible for paying the landlord insurance.

Please note we have not inspected this property.

Rooms

Location
The subject property occupies a prominent position on York Road. Hartlepool is situated within the North East of England, south east of Newcastle and north of Leeds. The town lies adjacent to Junctions 10 and 11 of the M65 which provides rapid access to the M6 at Junction 29 and the M61 at Junction 9 and also enjoys good transport links to the A1(M) and A19 trunk roads.

Accommodation
The property consists of a vast restaurant & bar on the ground floor with a large commercial kitchen centrally located. Whilst upstairs you’ll discover two good sized function rooms, which are currently being utilised as base for a specialist children’s play group. A side door to the side of the building leads you up to a spacious 3 bedroom apartment which spans across 3 floors. The ground floor consists of a long reception hallway with a return staircase up to the first-floor accommodation. The first floor plays host to a kitchen, living room and a large double bedroom. A secondary staircase is location on the landing, which leads you up to the second-floor landing, directly servicing a family bathroom and two further large double bedrooms.

Tenure
3x freehold titles. Title numbers DU34357, CE81240 & CE41592.

Rateable Value
The current rateable value is £6,200 (1 April 2023 to present). Sourced from VOA.

EPC
We are currently awaiting a copy of the energy performance certificate.

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.

About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
... Show more

See more properties like this

*Disclaimer and call rate information...