19 Front St 2,321 SF 83% Leased Retail Building Houghton Le Spring DH5 9PF £220,000 (£94.79/SF) 10.36% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Planning (Ref: 20/02076/FUL) : With further development to the upper floors the rent can increase substantially and also the value of the property.
- Ground floor commercial units
- Centrally located with quick access to the A690
EXECUTIVE SUMMARY
We are pleased to introduce to the market this excellent investment opportunity on the busy street of Hetton-Le-Hole. This substantial property is a mixed use building with three independent shops on the ground floor with their independent electric supply. There is also a storage unit rented separately to the rear of the property as can be seen on the attached floor plans. The first and second floor of the property benefits from lapsed planning permission to convert into 3x three bedroom apartments. The planning reference can be found below.
The property sits directly opposite Post Office, Tesco and Herron Food Store along with other high street brands and amenities.
Property Overview:
Location: High street in Hetton-Le-Hole town centre, spread over three floors with prominent views of the town centre.
Accessibility: Centrally located with quick access to the A690, providing direct routes to Sunderland, Durham, and the A1(M). Approximately 25 minutes to Newcastle and Darlington. Local amenities, including supermarkets, petrol stations, and essential shops, are all within walking distance.
Planning (Ref: 20/02076/FUL) : With further development to the upper floors the rent can increase substantially and also the value of the property.
Current Commercial Units Rental Income:
The ground floor commercial units currently generate a combined monthly rental income of £1,900 broken down as follows:
Retail Shops (3 units): £1,600 per month combined
Rear Storage Unit: £300 per month
For viewings please contact our office to speak to a member of our team.
PROPERTY FACTS
AMENITIES
- Corner Lot
- EPC - D
- Storage Space
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
The property is available to rent from immediate effect. The property used to be a sunbed shop and is fully equipped to be reopened as a sunbed shop. Currently, it is used as storage on a short-term let but the existing structure and cubicles for sunbeds remain intact and functional. The property provides good floor space and is located in a prime location and has good visibility and footfall from local residents. The property also qualifies from small business rates relief. The property could be used as a sunbed shop, beauty salon, hairdressers, nail bar, convenience store or any other similar retail businesses. Please contact our office for further details.
| Space | Size | Space Use | Position | Available |
| Ground | 389 SF | Retail | End Cap | Now |
Ground
| Size |
| 389 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
