For Sale

Investment, Park View Road East, Hartlepool TS25 1NN

182,976 Sq Ft
£4,850,000
  • Ref: CPNE_101333
  • Type: Industrial
  • Availability: For Sale
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Property Features

  • INDUSTRIAL INVESTMENT FOR SALE
  • 2 x modern detached units 183,976 sq ft
  • Site extending to 10.68 acres
  • Let to View Logistics Limited
  • Total passing rent of £398,588 pax
  • Freehold
  • Offers in excess of £4,850,000
  • Reflecting an attractive NIY of 7.72%

Property Summary

Hartlepool is situated on the north east coast approximately 12 miles north of
Middlesbrough and 26 miles south of Newcastle. The town is a popular residential and commercial centre and benefits from good road connections to the north and south. The A689 provides access by the A...

Full Details

Hartlepool is situated on the north east coast approximately 12 miles north of
Middlesbrough and 26 miles south of Newcastle. The town is a popular residential and commercial centre and benefits from good road connections to the north and south. The A689 provides access by the A19 and the A1(M) Motorways.

Hartlepool train station provides direct services to London Kings Cross and Newcastle with fastest journey times to London of 3 hours 8 minutes and 49 minutes.

The town has a resident population of 86,000 and there are 637,000 people within a 30-minute drive time.

Hartlepool is renowned for its seaport together with major tourist attractions including the Maritime Experience, Marina and HMS Trincomalee.

The premises are located on Brenda Road on the established Parkview Industrial Estate in Hartlepool, approximately 1 mile south of Hartlepool Town Centre.

The Seal Sands Terminal and the mouth of the River Tees is a short distance away.

The property comprises two modern industrial buildings with a shared access and compound. Externally the property has hardstanding and car parking spaces allocated to individual leases.

The main manufacturing facility comprises a circa 1980’s detached steel portal framed building with stores. The building was extended by approximately 19,500 sq ft in 2018 to add much need high bay storage with an approximate eaves height of 9.7 m (31’ 10”) and new dock leveller dispatch bay of a further 5,000 sq ft. refurbished offices over ground and first floors provides high quality office space with staff canteen and showroom/reception and hardstanding. The lease demises the green lined area of approximately 3.24 Ha (8.0 acres). Unit M comprises a modern detached steel portal framed building with
hardstanding. The lease demises the blue shaded area of approximately 0.81 Ha (2.0 acres). The building has an approximate eaves height of 6 m (19’ 8”)

A total site area of 10.68 Acres (Approx. 45% cover)



Accommodation:
Main Warehouse: 94,858.00 sqft
Offices: 6,177.00 sqft
New Dispatch Bay: 5,005.00 sqft
Side Warehouse: 20,214.00 sqft
New Extension: 19,483.00 sqft
Side Stores: 7,068.00 sqft
Derv Stores: 865.00 sqft
Unit M: 25,352.00 sqft
Mezzanine: 3,954.00 sqft
Total: 182,976.00 sqft