Acquired
Hartlepool – Takeaway & 3-Bed Flat
13 Murray Street, Hartlepool, Cleveland TS26 8PFFreehold Takeaway & Residential Investment
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
3y 7m
Area
1,250 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor takeaway and 3-bedroom flat at first and second floor
- Let until July 2028. No breaks. Rent review in 2026 open market upward only.
- Most of the takeaway fixtures and fittings belong to the vendor and will be included in the sale
- Situated within 5min walk from Hartlepool town centre and train station, with occupiers nearby including barber's, estate agents, clothing shop, restaurants and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor takeaway shop and a 3-bedroom flat above, which can be accessed internally or via separate door from the side of the building. Most of the takeaway fixtures and fittings belong to the vendor and will be included in the sale.
Ground Floor: 50 sq m (538 sq ft)
Retail Area, Kitchen, Storage
First Floor: 46 sq m (500 sq ft)
Kitchen/Living Room, Bedroom, Bathroom
Second Floor: 20 sq m (212 sq ft)
2 Bedrooms
Ground Floor: 50 sq m (538 sq ft)
Retail Area, Kitchen, Storage
First Floor: 46 sq m (500 sq ft)
Kitchen/Living Room, Bedroom, Bathroom
Second Floor: 20 sq m (212 sq ft)
2 Bedrooms
Tenancy Description
The entire property is at present let to Limited Company (with 2 guarantors) for a term of years from 14th July 2023 until 31st July 2028 at a current rent of £12,000* per annum and the lease contains full repairing and insuring covenants. No breaks. Rent review in July 2026 open market upward only. Deposit held of £2,275.
*Note - Tenant pays reduced rent of £10,140 p.a. in Year 1, £11,400 p.a. in Year 2 and £12,000 p.a. in Year 3 until the remainder of the lease/rent review. The Vendor will top-up the rent so the buyer receives equivalent of £12,000 p.a. from completion.
*Note - Tenant pays reduced rent of £10,140 p.a. in Year 1, £11,400 p.a. in Year 2 and £12,000 p.a. in Year 3 until the remainder of the lease/rent review. The Vendor will top-up the rent so the buyer receives equivalent of £12,000 p.a. from completion.
Tenancies & Accommodation
Location Description
Hartlepool is located approximately 8 miles north of Middlesbrough and 17 miles south of Sunderland. The town benefits from excellent road communications with the A689 dual carriageway providing direct links to both the A19 and A1(M). The property is situated within 5min walk from the town centre with occupiers nearby including barber's, estate agents, clothing shop, restaurants and more.
