Auction House London

Lot 67

 

33 Front Street

Leadgate, Consett, County Durham, DH8 7SB

Sold for £31,000.

A Freehold Investment Comprising a Two Bedroom First Floor Flat Subject to an Assured Shorthold Tenancy Producing £4,680 per annum and a Ground Floor Shop Sold Off on a Long Lease.

Description

The property comprises a two bedroom first floor flat situated above commercial premises within a mid terrace building arranged over ground and first floors. The property has been recently refurbished and benefits from double glazing.

Tenure

Freehold

Location

The property is situated amongst the shops and amenities of Front Street. The open spaces of Eden Park are within easy reach. Transport links are provided by the nearby A693 which provides access to the A1(M) motorway.

Tenancy

The flat is subject to an Assured Shorthold Tenancy agreement from 11th May 2015 for a term of 12 months at a rent of £90 per week.

The shop is sold off on a 999 year lease at a peppercorn ground rent

Bold Black Text

Current Rent Reserved £4,680 per annum

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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Enquire about 33 Front Street, Leadgate, Consett, County Durham, DH8 7SB

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