Retail Property (high street) for sale

1 North Road, Catchgate, Stanley, DH9 8LD

Guide Price* 30 sq. m. | £79,950

Property Description

Commercial information

  • 322 sq ft (30 sq m)

Key features

  • Two Storey
  • End Terraced Premises
  • Two Retail Units
  • Upper Floor Accommodation
  • Ideal Investment Opportunity
  • Potential Rental Income 15,600 PA
  • One retail unit currently let at 5,000PA

Full description

Tenure: Freehold

FOR SALE BY AUCTION

The subject property is a two storey end terrace building, consisting of two retail units and a residential dwelling located upon a busy High Street location within Catchgate. Local occupiers include Best One convenience store and local post office.

LOCATION
The subject property is located on North Road, Catchgate, which lies approximately 5 miles east of Consett. Catchgate also lies within close proximity to the A692. The premises occupies a prominent position which sits within a popular retail parade. This area benefits from a reasonable level of services and facilities together with good levels of footfall and passing trade.

ACCOMMODATION
The subject property is broken down as follows:
1A) Currently tenanted at 5,200PA (we await lease details).
1B) Currently vacant, NIA approximately 28.6m2 (307.9 sq ft) Rental Potential 5,200.
1C) Residential dwelling currently vacant, rental potential 5,200.

TENURE
By way of FREEHOLD title TY241007.

RATEABLE VALUE
The adopted rateable value is 1,925 as effective from 01 APRIL 2010.

EPC
Available upon request.

VAT
Unless otherwise stated, all stated figures are expressed exclusive of VAT.

AUCTION INFORMATION
The property is being sold under Conditional Auction Terms and Conditions, further information can be found in the auction catalogue.

Nearest station

  • Chester-le-Street (6.7 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

  • Chester-le-Street (6.7 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 1440. 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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