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Commercial Property for sale

Horsemarket, , Barnard Castle , County Durham

£575,000

Property Description

Key features

  • Commercial / Residential Property
  • Over Four Floors
  • Centrally Positioned
  • Ground Floor Shop
  • Four Recently Refurbished Apartments

Full description

The residential apartments have been recently refurbished to provide modern stylish living accommodation over three floors.

GROUND FLOOR
The ground floor is occupied by Marie Curie Cancer Care on a ten year lease from 10th February 2014 and currently deriving a gross rental income exclusive of rates of £18,000 per annum.

Accommodation Comprises: -
Front shop unit extending to 61.5m² of retail area with 5.78m overall frontage. Front display within the frontage of the premises 3.8m x 1.07m. Secondary storage 1.08m². Staff and welfare accommodation 18.50m. The shop premises are well fitted with laminate flooring, suspended ceiling lighting and hot air central heating.
The retails premises are let on the following terms: -
1. A ten year lease from 10th February 2014 to 9th February 2024.
2. The current rental is £18,000 per annum gross, exclusive of rates.
3. Rent reviewable on 10th February 2019.
4. The repairs fall to the tenant for all areas as let with a shared cost to party walls and party structures.
Full details of the lease are available from the agent’s offices.

RESIDENTIAL UNITS
A secure communal entrance leading to stairs and communal garden area with bin stores.
Flat 1 - Main Living Kitchen, Double Bedroom and Bath/Shower RoomFlat 2 -. Main Living Kitchen, Double Bedroom and Bath/Shower RoomFlat 3 - Main Living Room, Kitchen/Breakfast Room, Two Double Bedrooms and Bath/Shower Room.Flat 4 - Main Living Room, Kitchen/Breakfast Room, Two Double Bedrooms and Bath/Shower Room
The total rental income from the flats is currently £14,000 per annum.

VIEWING: - Strictly by appointment through the selling agents Addisons Chartered Surveyors t: 01833 638094.

BJC 27.12.17


More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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