Co Durham Investment Opportunity | | Rowlands Gill Tyne and Wear | | An end terraced double fronted property with 1st floor apartment and two storey garage to rear. 2 Ground floor retail units let to High Spen PO at £125pm, and cafe. First floor let on AST at £59pw and garage let. Rental income £8,700pa | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69651
ADVERT IMPRESSIONS : 8,992 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | FREEHOLD: | £140000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Investment/Development opportunity
- Cafe let at £250 per month
- Unit let to High Spen PO £125pm
- 3 bedroom apartment let on STA £59pw
- 2 storey garage let at £100 pm
- Total rent income £8,700pa
SITUATION
High Spen is a pleasant village situated 2 miles from Rowlands Gill. The village has grown up alongside the B6315 which links Rowlands Gill, High Spen, Greenside and the A695.
The property is a corner, double fronted, brick built property under a pitched slated roof.
BUSINESS
The property comprises of an empty retail unit, a retail unit that is let to the Postmaster of High Spen Post Office, a 3 bedroom flat and a two storey garage/storage area to the rear.
The retail unit measures 15’4’’ x 14’6’’ and is let as a sandwich bar / café at £250 per month. Adjacent to this is another retail unit that is currently let on a 2 year tenancy agreement to the Postmaster of High Spen Post Office. The current rent is £125pm and this agreement expires in November 2012.
Above the retail units is a 3 bedroom flat which has a sitting tenant paying £59pw rent. To the rear there is an enclosed yard and a 2 story brick built garage with over and under door, which is currently let at £100 per month.
TENURE
Freehold
SERVICES
We understand that the property has all mains services, although the flat does not have gas supply. | | | | | | FOR SALE | | | | | REFERENCE: | 1760 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
