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Commercial Development for sale

Robbie Burns, Newbottle Street

£155,000

Property Description

Key features

  • High street location
  • Rear garden and off street parking
  • Living accommodation to first floor
  • Development Potential STPP
  • EPC Rating C58

Full description

SITUATIONHoughton-le-Spring is located 6 miles to the east of Durham City, 9 miles to the south west of Sunderland and 17 miles to the south of Newcastle upon Tyne. Being directly adjacent to the A690, it affords excellent access to the A1(M) (3.5 miles) and the A19 (4 miles).The subject property is situated on Newbottle Street, the main retail thoroughfare in the town.DESCRIPTIONThe property is part of a retail terrace within Newbottle Street. The premises have a large open plan trading area to the ground floor and a kitchen and WC’s. At first floor there is a separate living area accessed via its own entrance.ACCOMMODATIONGround Floor Bar LoungeKitchenWC’sFirst Floor Living Accommodation with 2 bedrooms, bathroom, kitchen and living room.TERMSThe property is available for sale for offers in the region of £155,000 (One Hundred and Fiftty Five Thousand Pounds) for the benefit of the freehold interest.RATING ASSESSMENTDescription RV Estimated Rates PayablePublic House £6,200 £2,976We are advised that the rateable value of the premises as at 1 April 2010 is £6,200 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48.0p in the pound. However, interested parties should confirm the current position with the Local Authority.As a new occupier rights of appeal may exist against this assessment.LEGAL COSTSEach party is to bear their own legal costs involved in the transaction.VATAll rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.VIEWINGFor general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.

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