Sunderland Road, Peterlee, County Durham, SR8
Size
5,000
Tenure
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EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Huge Property
- Asset Management Opportunity
- High Rental
Description
An asset management opportunity containing the following.
A ground floor social club
A first floor nightclub
A 2 bedroom flat
A 1250 sqft industrial Unit
A Garage
The property has been rented out separately over the years and the total income once received when fully occupied was £4,155 per month or £49,380 per annum. Offering a potential return of 21% on the guide price.
Currently occupied is only the flat for £475 per month and the garage unit for £170 per week.
There is a garage, currently on a 3 year lease running until August 2029.
Total current income - £14,540 per annum.
An excellent opportunity to acquire a large freehold property with great income potential.
Sunderland Road (SR8 4PF) in Horden, Peterlee, is a mixed commercial and residential area located along the A1086 main arterial road, featuring local amenities and nearby access to Peterlee and Horden town centers.
Available by way of the method of modern auction
Guide Price - £230,000
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Business for sale
- Yes
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- Environmental description
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Sunderland Road, Peterlee, County Durham, SR8
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Disclaimer - Property reference 208105748. 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 PARKER BARRAS COMMERCIAL LIMITED, 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.