Front Street, Fencehouses, Houghton Le Spring

LOCATION

The subject property is located on Front Street in Fencehouses. Front Street is the main linear retailing street running through the centre of the village and the properties are situated on the east side just past the junction between Front Street and the A1052.

Fencehouses is a small village within the Parish of Houghton le Spring on the edge of the City of Sunderland. Accessible within a short commute to the A1M, A690 and A19 trunk roads provide access to Durham City and Sunderland.

DESCRIPTION

The subject property is of brick construction beneath pitched slate roof and comprises 4 retail units and 4 apartments on the upper floors. 1 Front Street occupies a corner position of the junction of Front Street and North View Terrace whilst the remainder of the block fronts onto Front Street.

The retail units comprise front sales area with storage to the rear and glazed frontages. There is car parking immediately available to the front and rear of the parade. Each commercial tenant has invested heavily in terms of fit out and built up well established local businesses with solid reputations.

The residential premises provide 1 bedroom apartments with bathroom, kitchen and living area accessed from the rear external staircase.

ACCOMMODATION

The property has been measured in accordance with the RICS Code of Measuring Practice 6^th Edition. The measurements referred to above are the approximate gross internal areas.

EPC        

TENANCY INFORMATION

TERMS

The total passing rent of all the units is £45,942.24. At a purchase price of £435,000 this reflects a gross yield of 10.12%.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.