For Rent - Available, For Sale - Available, Subject to VAT £150,000 - Mixed Use
For Sale – £150,000 + VAT
Ground floor available to let at £11,500 + VAT per annum
❖
Full building available to purchase – part occupied.
❖
First floor is made up of two occupied residential flats
❖
Ground floor retail unit extends to 104.69 sq m / 1,126.88 sq ft
❖
Corner position with good visibility
❖
Located in a busy mixed-use area
❖
Free on-road parking directly outside the property
Description
The property comprises of a ground floor retail unit which was previously occupied as a Hair and Beauty Salon but would suit a variety of other uses, subject to the relevant planning consent.
The first floor of the property provides two residential flats – both of which are occupied.
Location
The property is located on Elwick Road to the west of Hartlepool Town Centre. Elwick Road lies within a popular residential area with a variety of nearby occupiers including a Morrisons Daily supermarket, butchers, florist, hot food takeaway, coffee shop and hairdressers.
Accommodation
The two first floor flats are let at £280 pcm each. Both tenants have been in situ for over 10 years.
The ground floor sales area extends to 104.69 sq m / 1,126.88 sq ft and includes a large sales area with a display window and security grills. To the rear of the property there is a small office / storage room, WC, two treatment rooms and a rear yard. The ground floor provides LED lighting, suspended ceilings and laminate flooring throughout.
Services
We understand that the property has supplies of water, mains drainage, electricity and gas.
Energy Performance Certificate
The Energy Performance Certificate has been commissioned and is available on request.
Terms
The premises are available to let by way of a new fully repairing and insuring lease, exclusive of business rates, service charge and all other outgoings for a term to be agreed at a rent of £11,500 per annum. The landlord reserves their right to request a rental deposit.
The freehold is available to purchase at £150,000.
The commercial element of the Property is elected for VAT.
Rating Assessment
£12,750 Obtained from the Valuation Office Agency (www.voa.gov.uk). The UBR for the period 2025/2026 is 55.5p in the pound. Rates payable are therefore £7,076.25 less any Small Business Relief or any other discounts, which might be applicable.
Contact Information
For further information and viewings please contact Greig Cavey Commercial Limited on 01429 275791 or e-mail enquires@greigcavey.com