Summary - Gloucester Street, Hartlepool TS25 5QZ
1 bed 1 bath Retail Property (high street)
Low starting bid; suited to a hands-on investor or small operator.
Freehold ground-floor retail unit with vacant possession
A ground-floor retail unit offered freehold with vacant possession in a well-connected spot off Oxford Road, presented as a compact, adaptable commercial space. The main retail area and rear WC suit small customer-facing uses such as a salon, barber, or specialist shop; an electric roller shutter provides basic security and a garage offers parking or storage.
This is a high-risk, high-reward city-centre opportunity aimed at investors or owner-occupiers ready to act quickly. The property is offered at auction with a low starting bid, but buyers must be aware of auction mechanics: immediate exchange, 10% non-refundable deposit on exchange and a separate non-refundable reservation fee (4.5% including VAT, minimum £6,600). These fees substantially increase upfront cost compared with the headline price.
The surrounding area is very deprived with high crime levels and a local demographic profile of young, hard-pressed families; this will influence footfall and tenant mix. Nearby amenities and several primary and secondary schools may support certain neighbourhood services, but expect a challenging trading environment and consider security, marketing and fit-out costs.
No floor area details are provided; a physical inspection and checks on services, planning use class and lease/tenure implications are strongly recommended. The low starting price and flexible retail layout offer potential for a modestly sized business or an investor prepared to refurbish and manage risk in a difficult local market.
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