Retail Property (high street) for sale1 North Road, Catchgate, Stanley, DH9 8LD
Guide Price* 30 sq. m. | £70,000
- 322 sq ft (30 sq m)
- 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
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.
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.
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.
By way of FREEHOLD title TY241007.
The adopted rateable value is £1,925 as effective from 01 APRIL 2010.
Available upon request.
Unless otherwise stated, all stated figures are expressed exclusive of VAT.
The property is being sold under Conditional Auction Terms and Conditions, further information can be found in the auction catalogue.
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*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 4251507.
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