Summary - THE FLOATING BUNGALOW, NAVIGATION POINT, MIDDLETON ROAD, HARTLEPOOL TS24 0UH
1 bed 1 bath Restaurant
Long lease, parking and rental potential close to harbour amenities.
Extremely large ground-floor retail unit approx. 1,270 sq ft
Previously used as a bar/restaurant; suitable for similar uses
Long lease: 988 years remaining; ground rent £254 p.a.
Sold at auction; offered via online bidding—terms apply
Ample off-street parking; free parking after 6pm
Area records very high crime and very deprived indicators
Flooding risk recorded as high; buyer to satisfy flood checks
Very slow broadband; refurbishment likely required for fit-out
A rare leasehold commercial opportunity in Hartlepool offered for sale by online auction. The ground-floor unit extends to approximately 1,270 sq ft and has previously traded as a bar/restaurant, making it suitable for bar, restaurant, or leisure conversion for an operator or investor seeking rental income.
The property benefits from a very long lease (988 years remaining) and a modest ground rent of £254 per annum. Ample off-street parking is available to the front, with free parking after 6pm. Local neighbouring units achieve rents around £14,000 per annum, which provides a nearby market reference for potential income.
Important considerations: the area records very high crime and very high deprivation, broadband speeds are very slow, and the property is offered at auction with no formal inspection carried out. Flooding risk is recorded as high. Buyers should factor in potential refurbishment costs and local trading conditions when assessing viability.
This lot suits investors or experienced occupiers comfortable with auction purchases and operating in challenging urban locations. Full due diligence is recommended, including a site inspection, utilities check, and review of auction terms and lease documentation before bidding.
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