Retail in DH5
Front Street, Hetton-le-Hole, Houghton Le Spring, Tyne and Wear, DH5 9PF
Online auction
- Mixed use property
- Prime investment opportunity
- Prime Location
- Commercial Units
- Residential Apartments
Retail in DH5
*For sale via secure sale online bidding: terms and conditions apply.*
We are pleased to offer for Sale: Mixed-Use Building with Prime Investment Opportunity
We are pleased to offer for sale this well-maintained mixed-use building in the heart of Hetton-le-Hole, Houghton-le-Spring. This property represents a fantastic investment opportunity, comprising of three leased commercial ground floor units and four separate, fully tenanted one-bedroom apartments.
Key Features:
Prime Location: Situated on Front Street, a well-established and bustling location in Hetton-le-Hole, with excellent access to local amenities, public transport links, and surrounding areas.
Commercial Units: Three ground-floor commercial spaces, each leased to reliable tenants. These units provide steady rental income and are ideal for a range of business purposes.
Residential Apartments: Four self-contained, one-bedroom apartments. Each apartment is well-appointed and offers a comfortable living space for tenants, ensuring continued demand and steady rental returns.
This is a highly attractive opportunity for investors looking for a mixed-use property with excellent potential for capital growth and consistent cash flow.
For more information or to arrange a viewing, please contact us today.
Summary
- Property Type: Retail
- Tenure: Freehold
- Parking: Allocated
Location
The subject property is located within Front Street, in Hetton Le Hole, Tyne and Wear. The location is provided with easy access to the rest of the region with both the A1 and A19 within close proximate, including Durham city centre approximately six and a half miles South West.
Tenure
Freehold. Title number TY118814.
Council Tax
All flats band A.
Rateable Value
27: The current rateable value is £5,200 (1 April 2023 to present).
28: The current rateable value is £5,000 (1 April 2023 to present).
28: The current rateable value is £3,550 (1 April 2023 to present).
Sourced from VOA.
EPC
27: We are currently awaiting a copy of the energy performance certificate.
28: We are currently awaiting a copy of the energy performance certificate.
29: We are currently awaiting a copy of the energy performance certificate.
27a: Available upon request (rating E).
29a: Available upon request (rating D).
29b: Available upon request (rating D).
29c: Available upon request (rating E).
29d: Available upon request (rating D).
Additional Information
For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4000 which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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