Town Centre Freehold with Vacant Possession

Key Features

• Prominent Town Centre Position on High Street
• Attractive Traditional Frontage with Large Display Windows
• Rear Access / Small Yard for Loading & Servicing
• Two Separate High Street Accesses Allow Ground & First Floor to be Occupied Independently If Preferred
• Potential For First Floor Residential Conversion (Subject To The Necessary Consents)

Location

Spennymoor is a County Durham town, positioned between the City of Durham (6 miles) and Bishop Auckland (5 miles).

The property occupies a prominent position on High Street, close to a mix of national and independent retailers. The area benefits from good levels of footfall, visibility, and public transport links, with free short-stay on-street parking to the front and a large Durham County Council car park to the rear.

The A688 is located less than 0.25 miles to the south, meaning that the property also benefits from excellent access to the A167 and Junction 61
of the A1(M).

Description

The property comprises a two-storey mid-terrace building of traditional stone construction, currently fitted out as an opticians/consulting practice.

The ground floor provides a well-presented retail area with consulting rooms, office/kitchenette and WC facilities.

The first floor is arranged to provide further consulting/treatment rooms, offices and a staff kitchen. A separate access from the High Street provides flexibility for the upper floor to be independently occupied if required.

The property also benefits from rear access via a small yard, suitable for loading and servicing.

Available area

Approximate net internal areas:

Potential Opportunities (Subject to Necessary Consents)

1. Re-let the whole building

2. Create two self-contained floors and re-let separately (first floor either as a whole or room-by-room)

3. Owner occupy the whole property

4. Owner occupy part and re-let the balance

5. Convert the first floor to residential accommodation

Terms

We are instructed to seek offers over £100,000 for the benefit of our clients freehold interest.

EPC

Awaiting assessment.

VAT

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

Legal Costs

Each party to be responsible for their own costs incurred in this transaction.

Anti-Money Laundering Regulations

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser.

About Us

Established in April 2017, Graham S Hall Chartered Surveyors are a highly regarded independent firm of Chartered Surveyors and commercial property agents based in Durham.

We are passionate about property and getting the best results for our clients. We pride ourselves on hard work and giving good honest advice, irrespective of the fee and even when it might not be what the client wants to hear.

While our focus is primarily on sales, lettings and acquisition of retail, office, industrial and investment, we also offer extensive experience in asset management, development and lease advisory, such as lease renewal and rent review.

Our main core areas of work include:

Leasing and letting
Sale and purchase
Investment sale and purchase
Lease renewal and rent review
Asset management
Development
Consultancy
Expert witness

However big or small, we are ready to help. Talk to us today.