Western Terrace South, Murton, County Durham, SR7

FOR SALE via Online Auction. Terms and conditions apply.

LOCATION
The property is prominently located on the corner of Western Terrace in Murton, County Durham, within a predominantly residential area. It benefits from close proximity to the local commercial hubs of Wood’s Terrace and Church Street, both within walking distance and offering a variety of independent shops, cafes, and businesses.
Transport connectivity is excellent, with the A19 located approximately one mile away, providing direct access to Tyne & Wear, County Durham, and further south into North Yorkshire.
Additionally, the popular Dalton Park Outlet Shopping Centre, which opened in 2003 and was extended in 2016, is just a short drive away. It hosts a variety of major retailers, including Marks & Spencer, New Balance, and Crew Clothing, enhancing the area's retail appeal and convenience.

DESCRIPTION
An excellent opportunity to acquire a freehold, end-of-terrace mixed-use property offering immediate income and strong asset management potential. The ground floor comprises a retail unit that previously traded as a café, benefiting from a transferable premises licence — ideal for continued hospitality use or reconfiguration to suit a range of retail or service-based occupiers. The unit enjoys good street frontage and visibility, making it attractive to potential tenants or owner-operators. The first floor provides a self-contained one-bedroom apartment, currently let on a residential tenancy agreement at £425 per calendar month, offering a stable income stream from day one. Located in a well-established area with good local amenities and transport links, the property is suitable for investors seeking a value-add opportunity, mixed-use rental income, or longer-term redevelopment potential (subject to planning).

ACCOMMODATION
Part Sq Ft Sq M
Ground Floor Retail 570 53
First Floor Apartment 355 35.8
Total 955 88.8

RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £2,250 and the estimated rates payable for the current year is £1,122.75. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

EPC
The property has EPC Ratings of the following;

14a Western Terrace South (D64)
14 Wester Terrace South (TBC)

AML REGULATIONS
In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

LEGAL COSTS
Each party is responsible for their own legal costs.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

TENURE
The property is available by way of Freehold Title, at a Guide Price of £45,000 (Forty Five Thousand Pounds).

CODE OF LEASING BUSINESS PREMISES
Interested parties are advised to refer to the RICS Code for Leasing Business Premises 2020.
February_2020_Code_For_Leasing_Business_Premises_England_And_Wales_1st_Edition.pdf

FOR VIEWINGS & FURTHER INFORMATION
For all enquiries and viewing arrangements please contact sole agents, Bradley Hall Limited.


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