Shop for sale
Property description & features
LOCATION
The property is located on Front Street, Pelton. Pelton is located 2 miles west of Chester Le Street. The property lies adjacent to Front Street which links up to A693. The A693 is main route connecting Durham to Stanley and Consett to the west and A1 to the East.
DESCRIPTION
Located on Front Street, Pelton the investment consists of 2 x retail units and 1 x owner occupied flat. The premises is partially let out and has potential to generate additional income for anyone looking for investment.
ACCOMMODATION
Name M2 Ft2 Lease Terms
6 Front Street 37.8 407 £600pcm (holding over)
6a Front Street 37 398 Vacant
7 Front Street 85.3 918 £800pcm (Licence)
Total 160.1 1,723 £1,400pcm(£16,800PA)
RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is as follows:
6 Front Street - £1,975.
7 Front Street - £6,200.
however, interested parties should confirm the current position with the Local Authority.
EPC RATING
We currently await EPC.
TERMS
Available by way of Freehold title at a guide price 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 made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
LEGAL COSTS
Each party is responsible for their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with 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 Michael McGhin [use Contact Agent Button] or[use Contact Agent Button]
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*DISCLAIMER
Property reference SND240099. 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 Bradley Hall - Durham.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 2, 2023
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.