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Retail investment let at 9,000 per annum

Hartlepool, TS24 - Get Access

Description

The premises are located on Hartlepool Marina close to Hartlepool Town Centre and Hartlepool Train Station. Nearby occupiers include a variety of bars, restaurants, offices and shops as well as a significant number of flats. Ample car parking is available to the front which is free after 6pm. The Marina is arguably Hartlepool's premier leisure offering. Hartlepool Station provides National Rail services. The property extends to 132 sq m (1,418 sq ft) and comprises a seating area, bar, kitchen and W/C's. The retail investment is let as a restaurant producing an annual income of £9,000 per annum, on a 10 year lease from September 2025 with a break option and rent review on the 5th anniversary. Long leasehold for 1,045 years.
Comparable sales
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Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 1,418 sq ft (Listing)

Valuing this commercial investment property involves examining its current passing rent, lease terms, and long leasehold tenure on Hartlepool Marina. The property features a ground-floor restaurant layout with an internal area of 1,418 sq ft and is presented in good condition with modern exterior construction. The assessment applies standard commercial investment principles, taking into account the £9,000 annual income and local market yields for leisure and retail units.

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