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Workshop & retail space for sale

A Middleton Grange Shopping Centre, Hartlepool, County Durham
Workshop & retail space
6,866 sq ft / 638 sq m
Added > 14 days

Features and description

  • Tenure: Leasehold (44 years remaining)
  • Large Ground Floor Retail Unit
  • Located within a Busy Shopping Centre
  • Town Centre Location
A large retail unit located within the busy shopping centre of Middleton Grange, in the heart of Hartlepool town centre. The unit is ideally situated adjacent to two of the main entrances, with an expansive full height glazed façade, along with a secondary entrance to the rear opening out onto a communal green. Each entrance is fitted with shutters.

The ground floor space consists of 5,178sqft retail space with two individual changing rooms, a service lift and a staircase leading up to 1,689sqft of warehousing space with offices and a staff bathroom.

The unit is under a sub lease for a term of 44 years, with peppercorn rent.

The rateable value has been outlined as £46,000 with £22,954 payable.

Proposed plans have been drawn up with the potential to divide the vast unit into 6 smaller units, all with dual access points. These plans would require planning consent from Hartlepool Borough Council, but demonstrate the flexible potential of the unit to maximise the space and rental yield. Any planning consent would need to be obtained by the new owner.

Leasehold Information

Number of years remaining on the lease: 44 years

Current service charge and any review period:
- £14,233.75 per year
Council tax band: Not Required
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About this agent

Collier Estates - Hartlepool
Collier Estates - Hartlepool
Advanced House Wesley Square Hartlepool, Durham TS24 8BX
01429 718731
Full profileProperty listings
Collier Estates are a family owned business, we take pride in providing the best possible experience, space and price for our clients. We understand that you,
the client, want the smoothest and most prosperous experience in your venture in property ownership and trade.
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