Front Street, Pelton

*For sale via secure sale online bidding: terms and conditions apply.*

LOCATION
The property is located on Front Street, Pelton. Pelton is located 2 miles west of Chester Le Street. The property lies adjacent to Front Street which links up to A693. The A693 is main route connecting Durham to Stanley and Consett to the west and A1 to the East.

DESCRIPTION
Located on Front Street, Pelton the investment consists of 2 x retail units and 1 x owner occupied flat. The premises is partially let out and has potential to generate additional income for anyone looking for investment.

ACCOMMODATION
Name M2 Ft2 Lease Terms
6 Front Street 37.8 407 £600pcm (holding over)
6a Front Street 37 398 Vacant
7 Front Street 85.3 918 £800pcm (Licence)
Total 160.1 1,723 £1,400pcm(£16,800PA)

RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is as follows:
6 Front Street – £1,975.
7 Front Street – £6,200.
however, interested parties should confirm the current position with the Local Authority.

EPC RATING
We currently await EPC.

TERMS
Available by way of Freehold title at a guide price of £150,000 (One Hundred and Fifty Thousand Pounds).

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

LEGAL COSTS
Each party is responsible for their own legal costs.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

VIEWING
For general enquiries and viewing arrangements please contact Michael McGhin on michael.mcghin@bradleyhall.co.uk or 0191 563 4242