LOCATION
The property is situated on Front Street, the main arterial route through Hetton-le-Hole, a onetime mining community located midway between Durham and Sunderland. The A1 (M) and the A19 are all within easy access and both provide superb communication links between Tyneside to the North and Teesside to the South. The Towns of Sunderland, Seaham, Chester le Street, Washington and Durham City all lie within a 5 or 6 mile radius with the main retail centre of Newcastle upon Tyne and Teesside to the north and south respectively within 20 miles. Notable nearby retailers include Tesco Extra, Heron Foods, and Greggs.

DESCRIPTION
The premises comprise ground floor retail unit together with an attrac-tive 3-bedroom residential apartment to the first and second floors. The property is of cavity brick construction with single glazed, metal framed windows to the ground and double-glazed UPVC windows to the upper parts, all under a pitched slate tile roof. The first floor is currently let for £400pcm and the ground floor will become available at an asking rent of £600pcm. At an annual rent of £12,000 per annum when fully let this would equate to a gross yield of 8%.

ACCOMMODATION
Flat 62.21m² 670ft²
Retail Unit 64.00m² 689ft²
Total 126.21m² 1,359ft²

RATING ASSESSMENT
Description RV Estimated Rates Payable
Shop and premises £4,200 £2,095.80

We are advised that the rateable value of the premises as at 1 April 2017 is £4,200 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.

EPC RATING
To be assessed.

TERMS
This property is available for the purchase of the freehold for a
sum of £150,000 (One Hundred and Fifty Thousand Pounds).

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.

MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

VIEWING
For general enquiries and viewing arrangements please contact Joseph I’Anson or Marc Pickering at Bradley Hall.

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