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Front Street, Hetton-le-Hole, Houghton Le Spring, Tyne and Wear, DH5 9PF

Guide Price
£360,000

Business rates & charges may apply

Pattinsons, Pattinsons Commercial North East
SIZE

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SECTOR

High street retail property for sale

Key features

  • Mixed use property
  • Prime investment opportunity
  • Prime Location
  • Commercial Units
  • Residential Apartments
  • Land to the Rear

Description

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer for Sale: Mixed-Use Building with Prime Investment Opportunity

We are pleased to offer for sale this well-maintained and fully tenanted mixed-use building in the heart of Hetton-le-Hole, Houghton-le-Spring. This property represents a fantastic investment opportunity, comprising of three leased commercial ground floor units and four separate, fully tenanted one-bedroom apartments.

Key Features:
Prime Location: Situated on Front Street, a well-established and bustling location in Hetton-le-Hole, with excellent access to local amenities, public transport links, and surrounding areas.

Commercial Units: Three ground-floor commercial spaces, each leased to reliable tenants. These units provide steady rental income and are ideal for a range of business purposes.

Residential Apartments: Four self-contained, fully tenanted one-bedroom apartments. Each apartment is well-appointed and offers a comfortable living space for tenants, ensuring continued demand and steady rental returns.

Land to the Rear: Included with the property is a valuable plot of land to the rear, which offers potential for future development or additional rental opportunities, further increasing the value of this investment.

This is a highly attractive opportunity for investors looking for a mixed-use property with excellent potential for capital growth and consistent cash flow.

For more information or to arrange a viewing, please contact us today.

Location

The subject property is located within Front Street, in Hetton Le Hole, Tyne and Wear. The location is provided with easy access to the rest of the region with both the A1 and A19 within close proximate, including Durham city centre approximately six and a half miles South West.

Tenure

Freehold. Title number TY118814.

Council Tax

All flats band A.

Rateable Value

27: The current rateable value is £5,200 (1 April 2023 to present).
28: The current rateable value is £5,000 (1 April 2023 to present).
28: The current rateable value is £3,550 (1 April 2023 to present).

Sourced from VOA.

EPC

27: We are currently awaiting a copy of the energy performance certificate.
28: We are currently awaiting a copy of the energy performance certificate.
29: We are currently awaiting a copy of the energy performance certificate.
27a: Available upon request (rating E).
29a: Available upon request (rating D).
29b: Available upon request (rating D).
29c: Available upon request (rating E).
29d: Available upon request (rating D).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

Front Street, Hetton-le-Hole, Houghton Le Spring, Tyne and Wear, DH5 9PF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Seaham Station4.6 miles

About Pattinsons, Pattinsons Commercial North East

Kingfisher Way Silverlink, Wallsend, NE28 9NY

Notes

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Disclaimer - Property reference 455754. 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 Pattinsons, Pattinsons Commercial 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 Pattinsons, Pattinsons Commercial North East on 0191 743 9260.

*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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