13 Hope Street, Crook, County Durham DL15 9HS
Size
3,826
Tenure
Freehold
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
- Refurb works undertaken in 2025 of £100,000
- VAT is NOT applicable to this property
- Comprises double fronted retail premises at ground floor with ancillary accommodation at first floor
- Tenant option to purchase for the higher of £225,000 or market value after 01.05.30 until lease expiry
Description
Gross Initial Yield: 11.63%
Rental Income: £25,000 p.a.
VAT is NOT applicable to this property
Refurb works undertaken in 2025 of £100,000
Tenant option to purchase for the higher of £225,000 or market value after 01.05.30 until lease expiry
Comprises double fronted retail premises at ground floor with ancillary accommodation at first floor
Future residential development potential of upper floors, as well as retail redevelopment of ground floor to provide multiple retail units, subject to vacant possession and obtaining necessary consents
Situated in the heart of town centre with occupiers nearby including Greggs, Boots, Lidl and more.
Property Description:
Comprises two-storey retail premises arranged as a double fronted ground floor shop with ancillary accommodation at first floor, providing the following accommodation and dimensions:
Ground Floor: 150.5 sq m (1,620 sq ft)
Open plan retail, storage, office, wc
First Floor: 188.2 sq m (2,206 sq ft)
Office, storage, wc
Total GIA: 338.7 sq m (3,826 sq ft)
Tenancy:
The property is at present let to Farplace Animal Rescue for a term of 7 Years from 1st May 2025 at a current rent of £25,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.05.28 open market upward only. Mutual option to determine at any time on or after 01.05.30 with min 6 months notice. Tenant option to purchase for the higher of £225,000 or market value after 01.05.30 until lease expiry. Lease within Landlord & Tenant Act 1954.
Location:
Crook is a market town in the Durham County Council. The nearby A690 provides access to the A1(M) Motorway. Durham Rail Station is approximately 7.7 miles to the north-east. The property is situated in the heart of town centre with occupiers nearby including Greggs, Boots, One Stop, Lidl, Betfred and more.
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- Business rates
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- Use class
- E
- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- Environmental description
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Brochure
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
Together, we unlock potential.
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Disclaimer - Property reference crook13. 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 BLUE ALPINE PARTNERS LIMITED, London. 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.