Double freehold takeaway with accommodation, Durham

Key features

• Double freehold with rental income above
• Asking £249,000, sensible offers invited
• Self-contained 3-bed flat let at £550 pcm
• Currently trading just 18 hours over 4 days
• Landlord repossession — genuine motivated sale

About this business

A landlord-repossession sale of a double freehold catering premises in a densely populated Durham residential district, currently trading as a Turkish and pizza takeaway for just 4.5 hours a day, four days a week. The property includes two retail catering shops on the ground floor and a large self-contained three-bedroom flat above, currently let at £550 per month. Asking £249,000 for the lot, with sensible offers invited — a clear opportunity for a trade buyer prepared to put in the work.

Trading figures

Formal trading figures are not available — the landlord recently took the business back from the previous tenants and reopened it on a deliberately limited footing. Current takings are running at roughly £1,800 to £2,200 per week, on the back of just 4.5 hours of trading a day across four days. The previous operators are understood to have been turning over around £6,000 a week, which gives a clear marker of what the site has done before and could do again under committed ownership.

Trading hours

Currently trading just 4.5 hours a day, four days a week with early closing — a deliberately restricted pattern set by the landlord since taking the business back. Obvious potential to extend to seven days and full evening trade under a hands-on operator.

Business premises

A substantial double freehold property combining two retail catering shops at ground level with a large self-contained flat built above both units. The sales shop and the purpose-built working areas behind it are fitted and equipped throughout in average condition, with a vast array of fixtures and fittings, quality stainless-steel worktops, shelving, storage cupboards and double sinks. Ample overhead extraction runs throughout the working areas, and suspended menu boards sit over the service counter sections. The premises are well-suited to most fast-food formats, not just the current Turkish and pizza offer. The shop has been neglected and is in need of TLC, which is reflected directly in the asking price.

Trade equipment

A vast array of trade equipment is included in the sale: kebab rotisseries, a pizza oven, charcoal griddles, a four-ring gas cooker, a four-pot bain-marie, two upright stainless-steel fridges, chest freezers and an assortment of other fridges and freezers, plus a cash register, a wealth of stainless-steel worktops, shelving and storage, and a selection of trade utensils.

Accommodation

A large three-bedroom fully self-contained flat sits above both shops, currently let at £550 per month — £6,600 a year of rental income from day one. The tenancy ends in January 2027, at which point the flat can be made vacant if required. Being self-contained, it can also be sold off separately to recoup capital if the buyer doesn't need the upstairs themselves. The accommodation is a spacious family home but has been neglected and needs some attention.

Trading position

Set in a densely populated residential district with strong outlying custom on the doorstep and easy pull-up parking directly outside the shops. Sunderland and Hartlepool are both approximately 15 miles away, Durham itself around 7 miles, and the property sits within easy reach of both the A19 through-route and the A1(M) motorway.

Special remarks

This is a genuine landlord-repossession sale: the property and lease have been taken back from the previous tenants, the shops are in need of attention, and the price has been pitched accordingly at £249,000 for the entire double freehold — two retail catering units plus the three-bedroom self-contained flat above. The flat is already producing £550 a month in rent, with the option to take it back in January 2027 or sell it off separately to recoup capital. For a trade-builder prepared to refit, extend the hours and rebuild the takings towards the £6,000 a week the site is understood to have achieved previously, the upside is direct. Serious offers invited.