Herrington Burn House, Herrington Burn, Houghton le Spring, County Durham DH4 4JW
- PROPERTY TYPE
Commercial Property
- SIZE
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Description
For sale via livestream auction on Tuesday 09th September commencing from 12pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Commercial Investment Opportunity
Currently Part Let and Achieving £77,000 Per Annum.
Potential To Generate 100K+ With Uplifts and Last Unit Let.
Immediate Income. Immediate Growth. Immediate Opportunity
A Rare 18% Yield in the North East Commercial Market.
Herrington Burn House offers investors a rare opportunity to acquire a well-presented, multi-let commercial property with a strong income profile and significant short-term uplift potential.
The site is currently home to multiple established tenants, producing £77,000 per annum, with only one vacant unit. A prospective occupier has already been identified for this space, which will generate an additional £16,000 per annum once let—boosting the total rental income to £93,000 per annum.
Key Highlights
-Attractive High Yield – 15.4% NIY based on current income, rising to 18.6% when fully let
-Diversified Income Stream – multi-let to multiple occupiers, reducing vacancy risk
-Immediate Value Uplift – tenant interest in final vacant unit in early negotiation stages
-Strategic Location – excellent access to Sunderland, Durham, Newcastle and the A1(M)
-Asset Management Potential – scope for rental growth through lease renewals and re-gearing
The Opportunity
With its strong passing rent, immediate reversionary potential, and high yield profile, Herrington Burn House is an ideal acquisition for investors seeking robust returns from day one. The property’s multi-let configuration ensures stable income, while the short-term letting of the remaining unit offers a clear route to enhanced returns.
Tenure: Freehold
Administration Fee: 1.2% inc VAT of the purchase price, payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Herrington Burn House, Herrington Burn, Houghton le Spring, County Durham DH4 4JW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Hylton Metro Station3.1 miles
- Chester-le-Street Station3.7 miles
- Pallion Metro Station4.2 miles
About Auction House, Auction House North East
The Qube, Windward Way, Middlesbrough, Teeside, TS2 1QG
Notes
Disclaimer - Property reference 202404181138sq_b1y2. 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 Auction House, Auction House North East. 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.
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 Auction House, Auction House North East on 01642 049800.
*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.”
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