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Park Tower Park Rd 38,736 SF 85% Leased Office Building Hartlepool TS26 9HU $1,582,831 CAD ($40.86 CAD/SF)
INVESTMENT HIGHLIGHTS
- Investment opportunity
- Prominent Location
- New lease from June 2025 demonstrating occupier demand
EXECUTIVE SUMMARY
The subject property is a Grade ll Listed mixed-use building consisting of four ground floor retail/office buildings and 2 apartments. There are 50 residential apartments above, of which 48 have been sold on a long leasehold basis and produce a ground rent. Two flats have been retained on a freehold basis. Externally, there is car parking to the rear and within the basement, though the basement car parking is for the apartments that have been sold off on a leasehold basis.
One of the commercial units is of a shell specification. The other three are occupied and
fitted to the respective tenant’s own specification. As for the two flats retained Freehold, unit 201 has one bedroom and is situated on the second floor and the Penthouse is situated on the third floor with further accommodation within the clock tower this has two bedrooms.
There is an opportunity to refurbish vacant space to generate additional rental income and we understand that the ground rent is subject to index linked reviews on a 10 yearly basis.
One of the commercial units is of a shell specification. The other three are occupied and
fitted to the respective tenant’s own specification. As for the two flats retained Freehold, unit 201 has one bedroom and is situated on the second floor and the Penthouse is situated on the third floor with further accommodation within the clock tower this has two bedrooms.
There is an opportunity to refurbish vacant space to generate additional rental income and we understand that the ground rent is subject to index linked reviews on a 10 yearly basis.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
38,736 SF
Building Class
B
Year Built/Renovated
1890/2008
Price
$1,582,831 CAD
Price Per SF
$40.86 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,912 SF
AMENITIES
- 24 Hour Access
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The available space concerns office accommodation ranging from 185 sqm to 371.61 sqm within Park Tower.
The available space concerns office accommodation ranging from 185 sqm to 371.61 sqm within Park Tower.
| Space | Size | Space Use | Condition | Available |
| Ground-Ste Unit A | 3,000 SF | Office | Full Build-Out | Now |
| Ground-Ste Unit C | 3,000 SF | Office | Full Build-Out | Now |
Ground-Ste Unit A
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
Ground-Ste Unit C
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Ground-Ste Unit A
| Size | 3,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The available space concerns office accommodation ranging from 185 sqm to 371.61 sqm within Park Tower.
Ground-Ste Unit C
| Size | 3,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The available space concerns office accommodation ranging from 185 sqm to 371.61 sqm within Park Tower.
1 1
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Park Tower | Park Rd
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