Retail Property (high street) for sale

45-45A Hope Street, Crook, DL15

Guide Price* 47 sq. m. | £84,950

Property Description

Commercial information

  • 513 sq ft (47 sq m)
  • Use class orders: A1 Shops

Key features

  • Two Floor Mid Terrace
  • Ground Floor Retail
  • Upper Floor Residential
  • Investment Opportunity
  • Residential Element Vacant
  • Current Income 9,500 Per Annum

Full description

COMMERCIAL UNCONDITIONAL AUCTION: STARTING BID 84,950

The subject property is a two story terrace property of traditional construction containing a ground floor retail unit let to a well established newsagents. This is let on a fifteen year term with around eight years remaining. The annual gross rent for the shop is nine and a half thousand pounds.

The first floor provided with separate access leads to dining area, kitchen, stairs to first floor, two bedroom, lounge and a bathroom, living accommodation, currently vacant but has been previously been let out a 80 P.W.

LOCATION:
The subject property is located within Hope street, Crook. High Street is a busy retail parade offering a good range of services and attracting high levels of passing trade and footfall. Crook is situated approximately 8.9 miles West of Durham city centre approximately 14.1 miles West of Consett and is provided with good transport links via the A690.

RETAIL SPACE:
Retail area 7.39 m x6.46.
Toilet (low level W/C and a wash hand basin),
Storage area.
Garage with power and light.

The ground floor is currently trading as 'Hope street News' who operate with a vast range of fixtures and fittings including a sales counter, tobacco gantry, liquor display, newspaper/magazine displays, greetings cards displays and confectionary display. The premises benefits from newspaper deliveries, Lotto, paypoint, CCTV throughout and secure alarm system. They are well established and let the unit on a fifteen year term with around eight years remaining. The annual gross rent for the shop is nine and a half thousand pounds.

FIRST FLOOR FLAT:
Entrance, Dining area (4.24m x 1.70), Kitchen (2.36m X 2.95m), Stairs to first floor, lounge (5.06m x 4.54m), Bedroom one (3.33m x 4.96m), Bedroom two (1.94m x 5.14m) and a Bathroom.

We are advised by our client that the flat was previously let at four thousand one hundred and sixty pounds per annum.

EXTERNAL:
The property is provided a yard to the rear.

COUNCIL TAX AND BUSINESS RATES:
2 Bedroom first floor flat: council tax band A.

Use www.voa.gov to confirm business rates.

TENURE:
Interested parties should satisfy themselves of this prior to bidding.

E.P.C:
Ground floor shop/retail area has a current E.P.C. rating of C. The first floor flat has a current E.P.C rating Of E

AUCTION INFORMATION:
The subject property/site is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of 3600. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (650.00 pounds plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.

Nearest station

  • Bishop Auckland (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Bishop Auckland (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 3062. 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 Pattinson Estate Agents, 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.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 2324392.


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