No longer on the market
This property is no longer on the market
Floorplan
MapProperty
Chain-free
Property
2 beds
Features and description
- Shop & 2 Bedroom Flat For Sale
- Refurbishment completed
- Exceptional Investment
- Over 10% Potential Rent Yield
- Main Retail Area with Storage
- 2 Bedroom First Floor Flat
- Separate Access for Shop & Flat
- Currently Vacant
- EPC On Order
- " No Chain "
Hunters are delighted to offer for sale this exceptional Freehold investment property which comprises of a ground floor commercial shop accompanied with a two bedroom first floor flat. The property offers a floor space 130.36 sq m (1403 sq ft) over two floors located within this busy shopping parade of mixed use commercial and residential properties. The accommodation includes a main shop floor with further access to a store room and W/c facility, access to the rear lane and a separate access to the first floor flat via a communal rear entrance . The two bedroom first floor flat comprises of a stairwell to the first floor, a kitchen, lounge and shower room W/c. Both the shop unit and first floor accommodation have been subject to extensive refurbishment which is due to be completed shortly and will be accompanied with new electric certification for the new owners. It is anticipated that the shop unit will command a rent of £600 pcm and the first floor flat £475 pcm which should realise an anticipated rent yield above 10%. Council Tax to be confirmed and EPC is on order following completion of the refurbishment works. For further information and to arrange a viewing please contact your local Hunters office situated in the Peterlee Castle Dene Shopping Centre.
EXCEPTIONAL FREEHOLD INVESTMENT PROPERTY | GROUND FLOOR SHOP & FIRST FLOOR FLAT | TWO BEDROOMS | REQUIRES REFURBISHMENT
EXCEPTIONAL FREEHOLD INVESTMENT PROPERTY | GROUND FLOOR SHOP & FIRST FLOOR FLAT | TWO BEDROOMS | REQUIRES REFURBISHMENT
Property information from this agent
About this agent
Hunters Estate Agents and Letting Agents Peterlee is one of East Durham's leading estate agents. Operating across the region formerly under the name Alexander Bowtell had been helping their clients with residential sales, lettings services and property auctions locally since 2002 but in 2017 made the decision to change to Hunters to widen their network nationwide. The team at Hunters Peterlee combine their 50 years of invaluable experience with leading professional expertise and great enthusiasm. The staff are highly motivated, well trained under Hunters Training Academy and dedicated to ensuring that you achieve the best possible results. If you want to move house, sell your home, rent your property or find a property to rent, want to do it quickly and achieve the best possible price. The Hunters Estate Agents and Letting Agents Peterlee’s goal is simple, to ensure this happens every time! For leading expertise, leading coverage and leading support, Hunters Peterlee is the only place to go and they are “Here to get you there”.