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COMMERCIAL

13 Hope Street, Crook, County Durham, DL15 9HS

Guide Price
£175,000
Auction House London, Hampstead
PROPERTY TYPE

Retail Property (high street)

SIZE

Ask agent

Description

Guide Price = £175,000+

**For Sale By Public Auction 2nd September 2026 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**

A Ground Floor Double Fronted Retail Unit and First Floor Office Space Let to Farplace Animal Rescue Producing £25,000 Per Annum (Reflecting a Gross Initial Yield of 14.3%).

Tenure
Freehold

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Glenholme Skate Park are within easy reach. Transport links are provided by the A689.

Description
The property comprises a mid terrace building arranged to provide a ground floor retail unit and first floor office space.

Accommodation
Ground Floor
Retail Unit
Storage Space
Office Space
WC
G.I.A. Approximately 150 sq m

First Floor
Office Space
Storage Space
WC
G.I.A. Approximately 188 sq m

Tenancy
The property is let to Farplace Animal Rescue Limited on an FRI lease for a term of 7 years commencing 1st May 2025 at a rent of £25,000 per annum. Upwards only rent review May 2028 and mutual break clause May 2030.

The tenant has an option to purchase the property for the higher of £225,000 or market value after 1st May 2030 until lease expiry.

Brochures

Legal Documents

13 Hope Street, Crook, County Durham, DL15 9HS

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bishop Auckland Station4.9 miles
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About Auction House London, Hampstead

5 Hampstead Gate, 1A Frognal, Hampstead, London, NW3 6AL
Industry affiliations:

Auction House London adopts a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers in the Greater London area.

We understand the importance of the internet in the modern era of selling property and therefore market all of our auction properties online in addition to using the traditional offline methods.

Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients.

With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 361002. 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 Auction House London, Hampstead. 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 Auction House London, Hampstead on 020 3897 6030.

*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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