Auction House London

Lot 25

 

100 Front Street

Chester Le Street, County Durham, DH3 3BA

Withdrawn Prior to Auction.

A Commercial & Residential Investment Part Let Producing £59,700 per annum

Description

Tenure

Freehold

Location

Front Street is an established parade in the heart of Chester Le Street town centre nearby mutliples include Phones4U, Subway, Barclays, Virgin Money & Santander. Transport links are provided by Chester-Le-Street rail station and the A1(M) motorway (junction 63) is also easily accessible.

Exterior

The property benefits from a rear yard and outbuilding.

Description (2nd Column)

The property comprises a double fronted ground floor shop with five self-contained flats above situated within a Victorian mid terrace building arranged over ground and three upper floors.

Note (3rd Column)

We understand the vendor is in the process of letting the flat on a 12 month AST with a potential move in date of 19th September at a rent of £5,700 per annum.

Viewing Details

Saturday 6th September 13:00-13:30
Tuesday 9th September 14:30-15:00
Thursday 11th September 14:30-15:00
Saturday 13th September 13:00-13:30

Accommodation & Tenancy Schedule

Property Floor Accommodation Lessee Lease Terms Current
Annual Rent
Notes
Shop Ground Shop - 186 sq m (2,034 sq ft) William Hill Organization Ltd 20 year FRI Lease from 30th October 2009 £42,000 Rent Reviews every 5 years
Office Ground Rear Communal Bike Storage
Flat 100A First Reception Room with open plan Kitchen, Bedroom, Bathroom with WC and wash basin Individual Let on an AST for a term of 12 months from 09/08/14 £5,700
Flat 100B First Reception Room with open plan Kitchen, Bedroom, Bathroom with WC and wash basin
Flat 100C Second Reception Room with open plan Kitchen, Bedroom, Bathroom with WC and wash basin
Falt 100D Second Reception Room with open plan Kitchen, Bedroom, Bathroom with WC and wash basin Individual Let on an AST for a term of 12 months from 12/07/14 £5,700
Flat 100E Third Reception Room with open plan Kitchen, Two Bedrooms, Bathroom with WC and wash basin Individual Let on an AST for a term of 12 months from 30/07/14 £6,300

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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