Lot 111
    Retail Property (high street)
    2 & 2B Parker Terrace
    Ferryhill, County Durham, DL17 8JY
    Sold for £61,000.
     
    Number 1
    A Pair of Self-Contained Shops Fully Let Producing £18,000 Per Annum

    Description

    The property comprises a pair of self-contained shops situated within a mid terrace building arranged over ground and first floor levels.

    Tenure

    Freehold

    Location

    The property is located on a main road close to local shops and amenities as well as an Amazon warehouse situated approximately 4 miles from the property. Numerous green open spaces are also within close proximity. Transport links are provided by the A1 (M) motorway.

    Accommodation

    Ground Floor
    Two Retail Shops (Both with W/C)

    Tenancy

    The two shops are subject to a tenancy for a term of seven years commencing 1st February 2020 at a rent of £18,000 per annum.

    Note

    The property has not been inspected by Auction House London. All information has been supplied by the vendor.

    Addendum

    The property is freehold and not as previously stated in the particulars.
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    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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