Freehold Investment Property (Tenanted)

THIS IS A FREEHOLD PROPERTY INVESTMENT OPPORTUNITY. THE BUSINESSES ARE NOT FOR SALE

Location

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.

Premises

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.

Description

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.

Leases

Further details on request

Tenure

Freehold sale only

EPC Rating

This business premises energy rating is C and valid until 10 August 2026

Measurements

TBC

Disclaimer Notice

All information provided within the advert is subject to our standard terms and conditions of A1 Businesses for Sale. See our disclaimer page for more details.

Viewings

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.