94A Middleton Grange Shopping Centre, Hartlepool, Cleveland TS24 7RW

Description

The property comprises a mid terrace commercial unit situated within the Middleton Grange Shopping Centre arranged over the ground and first floors. Accommodation includes Commercial Unit 481 sq m (5,178 sq ft). Tenancy: The property is let on a 10 year FRI lease to MDSHARTLE LTD from 11 April 2026. The lease benefits from a 12 month rent-free period, with income of £21,000 per annum from April 2027, rising to £25,000 per annum from April 2028, with upward-only rent reviews from Year 5. The tenant holds a break option in Year 7, subject to six months' prior written notice.

Location

The property is situated within Middleton Grange Shopping Centre close to local shops and amenities. The open spaces of Middleton Pier and Summerhill Country Park are within easy reach. Transport links are provided by Hartlepool rail station.

Investment Analysis

Investment Snapshot

Property & Refurbishment

I would initially allow approximately £5,000–£15,000 for the works indicated by the listing, investor-grade finishing and contingency. This is an HB/AI feasibility allowance rather than a contractor quotation. A full survey and itemised trade pricing are required before fixing the budget.

Rental Analysis

No sufficiently reliable property-specific rental comparable was independently verified during this batch market check. I have therefore not invented a market rent. For a final bid decision, research like-for-like current/achieved lettings in the same street, postcode and immediate area.

GDV / Resale Analysis

No sufficiently specific sold comparables were independently verified for this property during this high-volume batch market check. I have therefore not manufactured a GDV figure. Before bidding, establish value from recent like-for-like completed sales or, for commercial/tenanted assets, appropriate investment-yield evidence. Any future HB estimate should be clearly distinguished from a RICS valuation.

Properties Sold Within Approx. 5 Miles

No sufficiently specific sold comparables were independently verified during this market check. This is intentionally left evidence-led rather than populated with fabricated transactions.

Potential BRRR Position

A reliable BRRR refinance calculation cannot be produced until a comparable-supported completed value and, where relevant, achievable rent are established. Any refinance would also depend on lender valuation, LTV, rental stress tests, construction, tenure and borrower criteria.

Flip Analysis

A flip should only be pursued once a conservative resale value has been supported by recent completed-sale evidence. Deduct acquisition tax, the auction administration charge, legal fees, finance, holding costs, refurbishment/development costs, contingency and selling costs; headline guide-to-value uplift is not net profit.

Investor Risks & Due Diligence

• Review the complete legal pack, title/lease and all auction disbursements before bidding.




• Obtain an appropriate survey/site inspection and contractor or professional costings.




• Verify any stated tenancy, lease, rent, possession or planning information independently.




• Obtain recent like-for-like sold and rental evidence before fixing GDV or achievable rent.




• The lease is stated at approximately 42 years unexpired; obtain a lease-extension valuation and check mortgageability.

Recommendation

Preferred strategy: Commercial Refurbishment / Asset Management. The recommendation is based on the listing facts and current configuration. Because property-specific sold/rental comparables were not verified for every lot in this batch, the final bid ceiling should be set only after local market evidence and legal/condition due diligence are completed.

Strategy Rating

BRRR: ★★☆☆☆

Buy-to-Let: ★★★☆☆

Flip: ★★★☆☆

Development: ★☆☆☆☆