FOR SALE VIA ONLINE AUCTION: terms and conditions apply. Link to bidding platform: auction.bradleyhall.co.uk/lot/details/c1effa50-055b-48d5-9f02-ebc7a52c96c2
- Three storey retail premises
- Established town centre location
- Approximately 398.2sqm (4,286sqft) of accommodation across two floors
- For sale with vacant possession (previously let at £15,000pa)
- Prominent position on Front Street, Chester-le-Street
- Good transport links to Newcastle, Durham and the wider North East
An excellent opportunity has arisen to acquire a two-storey retail premises occupying a position on Front Street, within the established town centre of Chester-le-Street. The property was formerly occupied by a charity shop, generating a rental income of £15,000 per annum, and is now vacant, presenting an opportunity for an incoming owner-occupier or investor seeking a commercial property with potential to generate rental income.
The property provides a substantial accommodation, extending to approximately 398.2sqm (4,286sqft) across two floors. The ground floor comprises approximately 253.8sqm (2,732sqft), with the first floor providing a further 144.4sqm (1,554sqft). This arrangement offers flexibility for a range of potential retail and commercial uses, subject to any necessary planning permissions and consents. The premises may appeal to businesses seeking a town centre presence, as well as investors looking to re-let the property and establish a future income stream.
The property is situated on Front Street, within the heart of Chester-le-Street, a well-established market town in County Durham. The town benefits from a range of local amenities, including independent retailers, national operators, cafés, restaurants and professional services, creating an established commercial environment. The surrounding area serves a residential catchment encompassing the town and neighbouring settlements, supporting demand for a variety of retail and service-based businesses.
Chester-le-Street is conveniently positioned between Newcastle upon Tyne and Durham, offering access to two of the North East's principal commercial centres. The town benefits from good road connectivity via the A1(M), facilitating travel throughout the wider region, while Chester-le-Street railway station provides rail connections to Newcastle, Durham and other surrounding destinations.
Overall, the property represents an opportunity to acquire a substantial vacant retail premises in an established town centre location, offering potential for owner occupation or investment.
