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HOPE STREET COUNTY DURHAM

Sold STC £195,000

Property Description

Key features

  • 13% Rental Yield on Fully Let Development
  • 2 High Street Retail Premises
  • 4 x 1 Bedroom Apartments
  • 1 x Garage Lock Up

Full description

Tenure: Freehold

****£25,320 Rental Income****13% Yield****7 Properties****Fully Occupied*****

Superb investment opportunity consisting of 7 individual tenancies all fully occupied returning a gross yield of 13% (£25,320 combined annual rent) on one title deed.

Two ground floor offices trading as estate agents and clothing alterations along with 4 self contained 1 bedroom apartments on first and second floors and secure yard and lock up to rear. All apartments have been fully modernised in recent times with new wiring, plastered walls and new kitchens and bathrooms. The ground floor retail offices are let on fully repairing leases however are in very good order.

Crook, more commonly known as Crook Market Town, lies about ten miles south-west of Durham in County Durham in the north east of England. It is situated a couple of miles north of the river Wear, on the A690 road as it turns into the A689 leading up through the picturesque higher reaches of Weardale near Stanhope and Wolsingham.

The high street is shared with a busy mix or retail and office premisses with both independent and national organisations represented such as Boots chemist, TSB Bank, Coral bookmakers, Barclays Bank, Wetherspoon public house, Coop Food and many others.

More information from this agent

Nearest station

  • Bishop Auckland (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dynamic Property Management, Crook

18 Hope Street, Crook, County Durham, DL15 9HS

01388 334006 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 (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dynamic Property Management, Crook

18 Hope Street, Crook, County Durham, DL15 9HS

01388 334006 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.

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