Property features
Large Restaurant & Bar
First Floor Function Rooms
3 Bedroom Apartment
Description
Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £250,000.
A rare opportunity to purchase a large Town Centre restaurant on York Road in Hartlepool. Marco Polo’s is located close to Hartlepool’s busy main street, Shopping centre, a business centre and council offices, which is ideal for high customer footfall.
The property consists of a vast restaurant & bar on the ground floor with a large commercial kitchen centrally located. Whilst upstairs you’ll discover two good sized function rooms, which are currently being utilised as base for a specialist children’s play group.
In addition to the commercial space, a side door to the side of the building leads you up to a spacious 3 bedroom apartment which spans across 3 floors. The ground floor consists of a long reception hallway with a return staircase up to the first-floor accommodation. The first floor plays host to a kitchen, living room and a large double bedroom. A secondary staircase is location on the landing, which leads you up to the second-floor landing, directly servicing a family bathroom and two further large double bedrooms.
This is a substantial commercial property with multiple revenue streams associated.
Marco Polo currently operates a 7yr Full Repair Lease (renewed 1st July) generating a rental income of £31,270 PA. The tenant is responsible for paying the landlord insurance.
A rare opportunity to purchase a large Town Centre restaurant on York Road in Hartlepool. Marco Polo’s is located close to Hartlepool’s busy main street, Shopping centre, a business centre and council offices, which is ideal for high customer footfall.
The property consists of a vast restaurant & bar on the ground floor with a large commercial kitchen centrally located. Whilst upstairs you’ll discover two good sized function rooms, which are currently being utilised as base for a specialist children’s play group.
In addition to the commercial space, a side door to the side of the building leads you up to a spacious 3 bedroom apartment which spans across 3 floors. The ground floor consists of a long reception hallway with a return staircase up to the first-floor accommodation. The first floor plays host to a kitchen, living room and a large double bedroom. A secondary staircase is location on the landing, which leads you up to the second-floor landing, directly servicing a family bathroom and two further large double bedrooms.
This is a substantial commercial property with multiple revenue streams associated.
Marco Polo currently operates a 7yr Full Repair Lease (renewed 1st July) generating a rental income of £31,270 PA. The tenant is responsible for paying the landlord insurance.