6 Clyde Terrace, Spennymoor
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- Mixed-Use Value Add Investment Opportunity
- Ground Floor Retail Unit with Two Bedroom Flat to Upper Parts
- Asset Management Potential Via Letting
- ERV Approx £13,000 per annum
- Opportunity to Create High Yielding Investment
- Suitable for Owner-Occupiers
- Forms Part of a Popular Parade
- 1,039 sq ft (96.6 sq m)
- ERV Reflects 16.25% Gross Yield on Guide Price
Description
Arranged as a ground floor retail unit with a separately accessed two bedroom flat to the upper parts, the property is offered with full vacant possession and would therefore be suitable for both owner occupiers and investors.
We understand the property was previously let for £13,000 per annum, and we therefore consider the property benefits from asset management potential via letting, with an opportunity to create a high yielding investment.
The property benefits from a prominent frontage to Clyde Terrace, a popular secondary pitch that effectively forms an extension of the High Street, the principal retail amenity in Spennymoor. The surrounding area is characterised by a mix of local tenants and residential uses.
Brochures
6 Clyde Terrace, Spennymoor
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bishop Auckland Station4.0 miles
- Shildon Station5.0 miles
Notes
Disclaimer - Property reference 94B37F3D-87F8-4678-901A-813737F2B981. 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 Savills, Savills Auctions- Commercial. 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.
Map data ©OpenStreetMap contributors.