North View Terrace, Houghton Le Spring, DH4
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Land for sale
Description
Bradley Hall is pleased to offer for sale by auction this freehold mixed use development opportunity, comprising a ground floor retail unit, a self contained two-bedroom maisonette and a separate garage.
The property is situated within an established mixed-use area serving the local residential population. The surrounding area comprises a range of independent retailers, service providers and residential properties, generating regular footfall and occupier demand.
The property benefits from good connectivity to the wider County Durham area, with Houghton-le-Spring town centre located a short distance away and convenient access to the A690, providing links to Durham, Sunderland and the A1(M). The location is well positioned for both residential and commercial occupiers, with a range of local amenities, schools and public transport services available nearby.
The ground floor unit is available with vacant possession providing purchasers with the opportunity for owner occupation or investment. The property benefits from planning permission for the conversion of the commercial unit and storage into a two-bedroom flat. Further details available under application reference 24/01718/FUL
The upper floors comprise a self contained two-bedroom maisonette, while the garage offers scope for separate rental income or ancillary storage.
The property is likely to appeal to investors and developers seeking a scheme with a number of potential outcomes. Subject to the necessary consents, purchasers may consider retaining the existing mixed-use arrangement, implementing the approved residential conversion or a title split opportunity.
Accommodation-
5- Ground floor retail- 47 Sq, M
5a- Maisonette- 97 Sq,M
For all enquiries and viewing arrangements, please contact the Sunderland Commercial team on .
North View Terrace, Houghton Le Spring, DH4
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chester-le-Street Station3.5 miles
- South Hylton Metro Station4.8 miles
- Durham Station5.5 miles
Notes
Disclaimer - Property reference SND260187. 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 Bradley Hall, Newcastle Upon Tyne. 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 Bradley Hall, Newcastle Upon Tyne on 0191 743 7550.
*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.”