Lot 50 - Unit 2 Navigation Point, Middleton Road, Hartlepool, Cleveland, TS24 0UH
- Unconditional Online Auction Sale
- Guide Price* : £22,500
Ground floor retail unit
Description
Unit 2 Navigation Point offers an excellent opportunity to occupy a ground floor retail space within one of Hartlepool’s most attractive mixed-use developments. Measuring 87sqm (939sqft), the unit comprises main retail area, store room, and W.C.s. Formerly occupied by a bar at a rent of £8,000pa, the unit is now offered for sale with vacant possession. Having also being previously used as a hair salon and a newsagent, the property lends itself to a wide variety of uses (STPP) to both investors and owner occupiers.
Situated along the bustling Middleton Road and adjacent to the Hartlepool Marina, the property benefits from strong footfall, ample parking, and a thriving local business community. Close to the Travel Lodge and Premier Inn, Navigation Point is a popular waterfront destination within walking distance of Hartlepool Marina and the town centre. The area attracts both local residents and visitors, making it an ideal trading position for retail, food and beverage, or service-based occupiers. The property benefits from excellent connectivity, with easy access to the A179 and A19, providing straightforward links to Hartlepool town centre and the wider Cleveland region. The surrounding area offers a mix of commercial and industrial amenities, making it ideal for businesses seeking a strategic and accessible location.
EPC rating - B
Rateable value - £8,400 (eligible for small business rates relief)
Ground rent: £250 per annum (exclusive of VAT)
Service charges: approx. £750 per annum
Buildings insurance: approx. £300 per annum
ADDITIONAL TERMS
1. This lot is for sale subject to unconditional auction terms.
2. If the reserve price is met or exceeded, contracts will exchange with immediate effect upon the close of the auction.
3. Following exchange of contracts, parties have 28 days in which to complete the purchase (unless specified otherwise in the special conditions).
4. A non-refundable deposit of 5% is payable within 1 hour of the auction closing.
5. The winning bidder is to make payment to the auctioneer a reservation fee of 6% including VAT subject to a minimum of £6,000 including VAT. The reservation fee is payable in addition to the purchase price and is payable within 1 hour of the auction closing.
6. An administration charge of £714 including VAT is payable by the successful buyer within 1 hour of the auction closing.
7. A legal pack has been provided by the seller’s solicitor and is available to download. We strongly recommend reviewing this thoroughly and discussing any queries with your solicitor prior to bidding.
8. I acknowledge that the seller may accept my bid at any time prior to the scheduled auction end date.
Lease Start Date
30/06/2016
Lease Duration
996 years (987 years unexpired)
Annual Ground Rent
£250
Annual Service Charge
£750
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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