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Property for sale

47 Wood Vue

£199,995

Property Description

Key features

  • Retail unit store and residential accommodation
  • Fully-fitted, profitable convenience store
  • Excellently presented 4 bedroom accommodation
  • Awaiting EPC Rating
  • Business Price 60,000
  • Residential Price 139,995

Full description

SITUATION
Spennymoor is a busy County Durham town situated 7 miles South West of Durham and 14 miles North of Darlington. The town benefits from good communications being situated 3 miles to the West of Junction 61 of the A1 (M). The property occupies a prominent position on Woodvue, in a built up residential estate just off Spennymoor Town Centre. The convenience store is located at the heart of the estate serving the community which also includes a Primary School.
 
DESCRIPTION
The subject property comprises ground floor retail premises operating as a convenience store, fitted out to include shelving, freezers, till counter and display units. The convenience store also benefits from alcohol and tobacco licences, paypoint, lottery and operates as a general dealer.   The ground floor retail unit has a NIA of 37.57m2 (404 sq ft) and benefits from extensive glazed window space and signage with electric roller shutter and full alarm system.   To the rear and first floor the property benefits from a 4 bedroom residential property that forms a duplex over the retail unit. The property comprises Lounge, Kitchen, 4 Bedrooms and a Bathroom. Similarly the first floor residential space is immaculate and also benefits from a Garage and Rear Yard. 
 
TERMS
The ground floor retail unit is currently under  lease from Sedgefield Borough Council for a remaining term of 15 years with an annual rent of £3,100. 
 
Our clients are looking to dispose of the business and all fixtures and fittings for a premium in the region of £60,000. Trading figures and an outline inventory of fixtures and fittings can be provided to interested parties.
 
Offer are invited in the region of £139,995  for our client’s free hold interest in regard the residential part of the building.
 
RATING ASSESSMENT
A search of the Valuation Office website reveals that the property has the following Rateable Values:- 
 
Rateable Value (2010): £2,800                             Rateable Value (2017): £3,150 Rates Payable (approx):£0 
 
We estimate the property will be exempt from business rates however parties are advised to check with the Local Rating Authority as to the precise current rates liability.
 
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction. 
 
VAT
All 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.
 
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.


Listing History

Added on Rightmove:
17 November 2016

Map & Street View

Disclaimer - Property reference 3352. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bradley Hall Chartered Surveyors, Newcastle upon Tyne - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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