Unit B, Park Tower, Hartlepool

Town Centre Investment

1,522 ft²

Key Features

Features
Prominent location
Ground Floor
Offices Comprising 141.36 m2 (1,522 ft2)
Virtual Freehold
Annual rent £21,360 per annum
Secure income Let to The Secretary of State for Communities and Local Government
3 years, 6 months to expiry
9.26% Net Initial Yield after purchaser’s costs.

Property Description

OPPORTUNITY

Bradley Hall is delighted to be appointed to market this prominent ground floor unit on Park Road, Hartlepool.


LOCATION 

The property is situated within the coastal town of Hartlepool within County Durham, Northeast England. The property itself occupies a prominent roadside position at the corner of Park Road and the A689, opposite Hartlepool College.

 

DESCRIPTION 

Park Tower is a Grade ll Listed mixed-use building consisting of four ground floor retail/office buildings and 50 apartments. The subject property is a ground floor unit, with secure entry system with reception area and is currently laid out with stud partition walls providing 6no. testing rooms with vinyl floor, suspended ceilings throughout and carpeted common areas. The accommodation includes kitchen, staff room and w/c facilities. Externally, there is car parking to the side and rear.

 

ACCOMMODATION 

Part of the Property

Floor

Sq M (Approx.)

Sq Ft (Approx.)

Commercial Units 

Unit A (Atos)

Ground

141.36

1,522


TENURE 

The property would be available long leasehold. The property is let to The Secretary of State for Communities and Local Government T/A DWP.


ASKING PRICE

We are instructed to invite offers in the region of £225,000 for our client’s long leasehold interest. Our client does not have to accept the highest nor any offer submitted to the agent.


ANTI-MONEY LAUNDERING REGULATIONS 

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.


VIEWING & FURTHER INFORMATION

For all enquiries and viewing arrangements please contact Bradley Hall.

Tel: 01642 265 300

Email: joseph.ianson@bradleyhall.co.uk


VAT 

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall on this basis, and where silent, offers will be deemed net of VAT.

 

LEGAL COSTS 

Each party is to bear their own legal costs involved in the transaction.


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