For Sale - Available £85,000 - Commercial, Retail
REDUCED
Description
The property comprises of a ground floor retail unit with living accommodation to the first and second floor. There is the potential to divide the property to create separate residential accommodation on the upper floors subject to obtaining the necessary planning consents.
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, hairdressers and beauty salon.
Accommodation
The ground floor sales area extends to 67.13 sqm / 722 sq ft and includes a sales area with a display window and roller shutter. To the rear of the property there is a storage room, a kitchen area and a bathroom
The property also includes former living accommodation with a kitchen and separate living room on the first floor, bathroom to the half landing and two double bedrooms to the second floor. The living accommodation has largely been stripped back to a shell but would be suitable in its current form for storage for the business operating on the ground floor.
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 £8,000 per annum. The landlord reserves their right to request a rental deposit.
Alternatively our client would consider selling their freehold interest based on offers in the region of £85,000.
Rating Assessment
£6,200 Obtained from the Valuation Office Agency (www.voa.gov.uk). The UBR for the period 2022/2023 is 51.2p in the pound. Rates payable are therefore £3,348 less any Small Business Relief or any other discounts, which might be applicable.
The living accommodation falls within council tax band A.