Summary - THE FLOATING BUNGALOW, NAVIGATION POINT, MIDDLETON ROAD, HARTLEPOOL TS24 0UH
2 bed 1 bath Bar / Nightclub
**Standout Features:**
- Long leasehold (988 years remaining)
- Auction starting bids at £115,000
- Ground rent of £254 per annum
- Prime location near Hartlepool Marina, Town Centre, and train station
- Off-street parking available, free after 6 PM
- Historical successful use as a bar and restaurant
**Concerns:**
- High local crime rate
- Very slow broadband speeds
This bar/nightclub at Navigation Point, Hartlepool, presents an enticing investment opportunity with a starting auction bid of £115,000. Situated on the bustling Hartlepool Marina, this venue benefits from heavy foot traffic and proximity to various bars, restaurants, and residential buildings. With 988 years remaining on the lease and a modest ground rent of £254 per annum, this property offers both flexibility for occupancy or investment.
Previously operating as a bar/restaurant, it possesses rustic charm with wooden decor and exposed beams, ideal for creating a welcoming atmosphere. The surrounding area is well-equipped, featuring a variety of leisure activities, eateries, and amenities, all within a short walking distance.
However, potential buyers should consider the area's high crime rate and very slow broadband speed, which may impact future business operations. With local units achieving rental values around £14,000 annually, the property holds significant rental potential for savvy investors. Don’t miss this chance to own a prime piece of Hartlepool's burgeoning nightlife scene!
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