MapOffers in region of
£645,000Property for sale
South Street, Crook DL15
Property
Features and description
- Excellent commercial investment opportunity
- Long Secured Leases
- Credible Tenants
Located on South Street in Crook, this recently refurbished property offers a fantastic investment opportunity with a combined rental income of £44,000 per annum. The property consists of a two-storey former bank that has been divided into two retail units.
One unit, 7 South Street, is currently leased to Dominos, while the other unit, 8 South Street, is leased to Cash Access UK t/a Banking Hub. Both units have access to a rear service yard and are situated in a prime location facing the Market Place. The Market Place hosts weekly markets on Tuesdays and Saturdays and is also home to the town's primary car park.
Surrounded by popular retailers such as Lidl, Aldi, Boots, and Cooplands, this property is in a bustling area with high foot traffic. The nearby Crook Primary School, St Cuthbert's Catholic Primary School, and Hartside Primary Academy make it an ideal location for businesses catering to families.
DP Realty Limited, a subsidiary of Domino's Pizza Group PLC, and Cash Access UK Limited, owned by major UK banks, are the current tenants, adding to the property's appeal and stability. With a strong financial standing and a desirable location, this property is a lucrative investment opportunity not to be missed. Contact us today to arrange a viewing.
One unit, 7 South Street, is currently leased to Dominos, while the other unit, 8 South Street, is leased to Cash Access UK t/a Banking Hub. Both units have access to a rear service yard and are situated in a prime location facing the Market Place. The Market Place hosts weekly markets on Tuesdays and Saturdays and is also home to the town's primary car park.
Surrounded by popular retailers such as Lidl, Aldi, Boots, and Cooplands, this property is in a bustling area with high foot traffic. The nearby Crook Primary School, St Cuthbert's Catholic Primary School, and Hartside Primary Academy make it an ideal location for businesses catering to families.
DP Realty Limited, a subsidiary of Domino's Pizza Group PLC, and Cash Access UK Limited, owned by major UK banks, are the current tenants, adding to the property's appeal and stability. With a strong financial standing and a desirable location, this property is a lucrative investment opportunity not to be missed. Contact us today to arrange a viewing.
About this agent
SPIRE Property Group & Consultants, your trusted team of North East based Estate Agents and Surveyors. We have over 50 years of combined industry experience. We are firmly established in Sunderland with a vast amount of experience and local knowledge which combined with our team; offer a friendly yet professional service to our clients. We offer: Free Property Valuations : We offer free property sale valuations and rental valuations. Our valuers are very dynamic and can call out within 24 hours from first contact at no cost to clients. Should you wish to find out more please contact our office. Sales & Lettings (Commercial & Residential) : We specialize in modern and highly effective property marketing strategies. We have a wide network of buyers, investors and tenants, enabling us to match properties with interested parties quickly. We provide clients with valuable insights into the current property market. Property Management (Commercial & Residential): Tenant Finding/ Commercial Lease • Inspection Reports/ Repairs • Rent Collections/ Rent Statements Full Refurbishment: • Full Scale Property Renovation • Customized Property Upgrades • Project Coordination Building Survey: We offer Building surveys, valuation reports, homebuyers report and condition reports. Consultation: We can offer you advice and help in dealing with any matters related to party wall, business rates, planning permission, council tax, utilities, repossessions, commercial lease and any other property related matters.