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No longer on the market

This property is no longer on the market

Retail property (high street)

Sold STC
Retail property (high street)
280
Added > 14 days

Features and description

A rare opportunity to acquire a versatile mixed-use freehold property comprising a spacious four-bedroom residential home and an adjoining commercial unit, all on a title. Situated in the heart of Wheatley Hill, this property offers excellent potential for both investors and owner-occupiers alike.

The residential element of the property features generous living space spread across two floors, including four well-proportioned bedrooms, a family bathroom, a large kitchen/dining area, and two reception rooms. With a little modernisation, the home offers fantastic scope to become a high-yield rental or comfortable family home.

The commercial unit, positioned at the front of the property with separate access, benefits from good visibility and footfall, making it ideal for a range of uses including retail, office space, or a service-based business.

We are advised that plans have been submitted to split the residential and commercial units into two separate titles, providing a future opportunity for individual sale or leasehold investment. Once approved, this adds significant value and flexibility to the asset.

Located within easy reach of local amenities, schools, and transport links, this property is well-positioned to take advantage of ongoing regeneration in the area.

Early viewing is recommended to appreciate the potential of this unique offering.

Rooms

Location
Wheatley Hill Village in County Durham with local amenities like shops, schools, and parks. Wheatley Hill is around 8 miles from Durham City, offering easy access to wider shopping, transport, and cultural attractions. The village has good bus links and nearby road connections to the A1(M), making it convenient for commuting to Peterlee, Sunderland, and beyond.

Accomodation
Ground floor - Commercial unit, positioned at the front of the property with separate access (279.862 sq ft) First Floor - Residential, Separate entrance - The residential element of the property features generous living space spread across two floors, including four well-proportioned bedrooms, a family bathroom, a large kitchen/dining area, and two reception rooms

Tenure
FREEHOLD Title number DU260223

Rateable Value
Current Rateable value £2,075 (Sourced from VOA)

EPC
Awaiting EPC

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About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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