Education Centre, Hartlepool

Property Description

• Freehold, Ground Rent Investment.
• The property comprises two large intercommunicating buildings arranged on the ground floor only.
• The property benefits from parking for approximately 26 cars and a site area of about 0.97 hectares.

Location Description

• The property is situated in Hartlepool, which is 1.5 miles north-west of Hartlepool town centre, 15 miles north of Middlesborough and 21 miles south of Sunderland.
• The property enjoys excellent communication links, including access to A19, A179, A689, A1(M), rail access to Hartlepool Railway Station and Durham Tees Valley International Airport.
• The property is situated in an established industrial area on the northern side of Oakesway, close to its junction with Warren Road.
• The property is predominately  accessed from Warren Road which links to the A1049  West View Road to the east and the A179 Easlngton Roadto the west; this connects to the A19 approximately 6 miles to the west.
• Nearby occupiers include Expert Cables, Britton Group, Phoenix Street, Coverls and TMD Friction. University Hospital of Hartlepool is located about 500 metres away.

Additional Notes

• The entire property is at present let to CATCOTE FUTURES LTD on assignment from HARTLEPOOL BOROUGH COUNCIL for a term of 99 years from 3rd April 1978 at a current rent of £20,500 per annum. The lease provides for rent reviews every 20th year of the term and contains full repairing and insuring covenants.