Lot 99 - Unit 10-12 Navigation Point, Middleton Road, Hartlepool, County Durham, TS24 0UH
- Unconditional Online Auction Sale
- Guide Price* : £255,000
Retail Unit on Sea Front
Description
• Tenanted investment
• Annual income of £45,000
• Premium visibility frontage to Middleton Road
• Part of an established marina mixed-use scheme
• Onsite parking and servicing
• Strong trade synergy from adjacent hospitality and retail operators
• Strategic location with good transport links
Unit 10-12 is a prominent commercial unit within the modern mixed-use Navigation Point development, forming part of the vibrant Hartlepool Marina precinct.
The unit benefits from a generous frontage onto Middleton Road overlooking the marina, offering strong street presence and visibility. Internally, the floorplate is open plan, allowing flexible subdivision or fit-out to suit incoming occupiers. Ancillary facilities include store rooms, service access and W.C.s.
The unit presents a strong opportunity for investors seeking exposure in a growing waterfront destination.
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
21/04/2016
Lease Duration
996 years (986 years unexpired)
* 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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