Mixed use
Features and description
- Freehold part let retail and residential investment
- Development potential (subject to consents)
- Town centre location
- Producing £4,800pa (plus vacant restaurant and vacant flat)
- Online Auction on Thursday, 30 March 2023
A two storey mid terraced property of traditional construction beneath a pitched roof. The property is arranged as a ground floor restaurant with rear ancillary accommodation with separate access to the first floor which is arranged as residential accommodation. Both the ground and first floors are in need of complete refurbishment. To the side of the property is a garage, which we understand was created from a void space between the adjacent property with the addition of a part corrugated metal sheet and part plywood and bitumen coating roof.
Location:
Ferryhill lies about 6 miles south of Durham and 14 miles north of Darlington and can be accessed via the A167 with the A688 and A689 providing direct access to the A1(M) just to the east at junctions 60 and 61. National and regional rail services are via nearby Durham and Darlington railway stations.
Parker Terrace forms part of the B6287 in the town centre with the property lying on its west side near the junction with Merrington Road and Church Lane. Nearby occupiers include B&M Bargains, Co-op, Co-operative Funeral Care and Coral.
Online Auction on Thursday, 30 March 2023. For further information, such as legal documents and property information, please visit bidx1.com.
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