Auction House London

Lot 63

Mixed Use - Commercial Property 

72 High Street

Easington Lane, Houghton Le Spring, Tyne and Wear, DH5 0JW

Sold for £125,000

A Detached Freehold Mixed-Use Building Currently Arranged to Provide Three Self-Contained Flats (3 x 1 Bed) and a Ground Floor Commercial Unit. Fully Let Producing a Combined Rental Income of £18,040 per annum.

Description

The property comprises a detached building arranged over ground and first floor levels converted to provide three self-contained flats and a lock-up shop.

Location

The property is situated on a predominantly residential road close to local shops and amenities. Transports links are provided by the A1(M) motorway.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
72 High Street Ground Lock Up Shop (Currently trading as a Tattoo Studio and shop) A 3 year lease commenced 8/1/20 with £500 annual increases. £4,000 per annum
72A High Street Ground Reception Room, Bedroom, Kitchen, Bathroom with WC & wash basin Let on an AST at
£390 pcm
£4,680 per annum
129A Brick Garth First Reception Room, Bedroom, Kitchen, Bathroom with WC & wash basin Let on an AST at
£390 pcm
£4,680 per annum
129 Brick Garth First Reception Room, Bedroom, Kitchen, Bathroom with WC & wash basin Let on an AST at
£390 pcm
£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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Due to government guidelines, we will not be hosting Open House Viewings For further information, please register for the legal pack. For further information, please register for the legal pack. For all enquiries, please contact Jamie Weir on jamie.weir@auctionhouselondon.co.uk
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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*Sold Prior to auction, for an undisclosed amount

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