Lot 78A
Mixed Use - Commercial Property
72 High Street
Easington Lane, Houghton Le Spring, Tyne and Wear, DH5 0JW
Sold for £116,000
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.
View Details as PDFEnquire Now
There are no internal viewings
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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