Shop for sale
Property description & features
Spennymoor is located approximately 6 miles from Durham and 6 miles from Bishop Auckland.
Description - The property comprises a two-storey brick and stone building with glazed UPVC windows and pitched roofs. It was originally built as a Cooperative Food Store and has for over 50 years operated as a large Food retail store with large warehouse and car parking facilities. One Stop (convenience store) operate as the main tenant with a Tanning Shop also occupying space. There is over 11,000 sq.ft of vacant space along with a large under-utilised car park, offering development and asset management potential.
The Bowling occupies the First floor accommodation and has been sold on a 999 year lease
Accommodation - There is approximately 14,046 sq.ft (1,305 sq.m) in lettable ground floor space.
Current Tenancy Schedule - One Stop convenience store 53-54 Whitworth Terrace
Area: 2,500 sq.ft (232 sq.m)
Rent: £25,000 pax 10 year lease from August 2023
Tanning Salon 57 Whitworth Terrace
Area: 636 sq.ft (60 sq.m)
Rent: £6,240 pax (holding over- occupation since 2013)
Total Rent: £31,240 pax
Vacant Space - 56 Whitworth Terrace: Area approx. 1000 sq.ft approx. Frontage 7m
55 Whitworth Terrace: Area 1200 sq.ft approx. Frontage 8m
Large Warehouse to rear: Area 8-9000 sq.ft
Large Car Park to rear
Subject to 999 Year Lease to Spennymoor Bowls Club occupying First floor.
Planning - The Property is currently classified as a Retail Shop (Use Class E). Planning permission would be needed to change any of the Areas to other uses.
Tenure - The Property is being sold as Freehold under two separate title numbers.
53-57 Whitworth Terrace (the buildings): DU214169
The Car Park to the rear: DU211814
Rights Of Way, Wayleaves And Easements - The sale is subject to all rights of support, public and private rights of way, water, light, drainage, and other easements.
Method Of Sale - The owner is offering the Freehold for sale by Private Treaty.
Guide Price - £900,000 (exclusive of VAT)
Offers - Offers are invited on both conditional and a non-conditional basis
Vat - It is understood that the building is not Elected for VAT. All parties to make their own enquiries with regard to VAT. Any offers will be deemed to be exclusive of VAT.
Services - It is understood the building benefits from Electric, Gas, Water and Drainage. Prospective purchasers to satisfy themselves of the availability of mains services.
Epc - EPC Rating C57
Viewing - Parts of the property are operational and therefore viewings are strictly by appointment only.
Costs - Each party are responsible for their own legal costs.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 33239808. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by R. A. Jackson & Son - North Shields.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.