Freehold Investment Property (Tenanted)
- 5 bed property with 2 leased business premises
- 20 year lease convenience store and 3 bed living premises income £18,000
- Hairdressers rolling lease income £5,160
- 2 bed living premises income £4,560 on STTA
- THE BUSINESSES ARE NOT FOR SALE
THIS IS A FREEHOLD PROPERTY INVESTMENT OPPORTUNITY. THE BUSINESSES ARE NOT FOR SALE
Located in Stanley, a former colliery town and civil parish in County Durham, North East England. Centred on a hilltop between Chester-le-Street and Consett, the town lies south west of Gateshead.
The property consisting of a five bedroom detached building, brick built under a pitched tile roof with uPVC glazed windows. A convenience store business premises with external access to the trading area and internal access to the 3 bedroom living premises. A hairdresser business premises with separate external access. A 2 bedroom living premises with separate external access.
A let building made up of 2 retail units and 2 separate living premises (3 bedroom and 2 bedroom) situated over the ground floor and first floor.
Business operating as a convenience store and off licence, tenant holding a 20 year lease commencement December 2020 with an annual rental income of £18,000. Business premises incorporates trading area, internal storage and W.C. and 3 bedroom living premises with lounge, kitchen and bathroom.
Business operating as a hairdresser, tenant holding a 3 year rolling lease commencement date (TBC) with an annual rental income of £5,160.
A further living premises incorporates 2 bedrooms, lounge, kitchen and bathroom with an annual rental income of £4,560 on a STTA.
Further details on request
Freehold sale only
This business premises energy rating is C and valid until 10 August 2026
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Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.
* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) click here for more information