Middleton Road, Hartlepool, Durham, TS24

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction this former restaurant property on Middleton Road, Hartlepool, Durham.

This prime leasehold property, located on Middleton Road in Hartlepool, Durham, presents an excellent opportunity for redevelopment or continued use in the hospitality industry. The building was previously operated as a restaurant and offers ample space for a variety of potential commercial ventures.

With 988 years remaining on the lease, the property provides long-term security for future development (STPP). It is situated in a highly visible location, benefiting from foot traffic and being close to local amenities and transport links. The spacious interior includes dining areas, a kitchen, and storage space making it ideal for renovation.

Whether you're looking to continue operating as a restaurant or explore alternative uses, such as retail, office space, or residential conversion, this property offers significant potential (STPP).

Contact us today to arrange a viewing or for more information.

Please note we have not inspected this property.

Location

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 residential flats.

Tenure

Leasehold. Title number CE227493.
Lease Start Date: 21 Jan 2016
Lease End Date: 31 Dec 3012
Term Remaining: 988 Years

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.