Horsemarket, Barnard Castle, County Durham, DL12
£110.84 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,511 sq ft
419 sq m
- SECTOR
6 bedroom mixed use property for sale
- USE CLASSUse class orders: C3 Dwelling Houses and Class E
C3, E
Key features
- Three-storey building comprising Ground Floor Shop with 2 x 2-Bed and 2 x 1-Bed Flats above
- Newly replaced roof and refurbished communal areas (£40,000)
- Town centre location with occupiers nearby including Morrisons, Costa Coffee, Specsavers and more
- VAT is NOT applicable to this property
Description
Gross Initial Yield: 7.68%
Rental Income: £38,400 p.a.
VAT is NOT applicable to this property
Three-storey building comprising Ground Floor Shop with 2 x 2-Bed and 2 x 1-Bed Flats above
Newly replaced roof and refurbished communal areas (£40,000)
Town centre location with occupiers nearby including Morrisons, Costa Coffee, Specsavers, Co-Op Food, Boots, Hays Travel and more.
Property Description:
Comprises three-storey building arranged as a ground floor retail shop and 4 newly refurbished flats over first and second floor, accessed from the rear and providing the following accommodation and dimensions:
Ground Floor: 194 sq m (2,091 sq ft)
Sales Area - 67 sq m (722 sq ft)
Ancillary/Sales - 50 sq m (536 sq ft)
Rear Stores - 65 sq m (704 sq ft)
Kitchen - 12 sq m (129 sq ft)
First Floor: 112 sq m (1,210 sq ft)
Flat 2 - 39 sq m (424 sq ft)
1 Bedroom, Kitchen, Living Room, Bathroom
Flat 4 - 73 sq m (786 sq ft)
2 Bedrooms, Kitchen, Living Room, Bathroom
Second Floor: 112 sq m (1,210 sq ft)
Flat 1 - 39 sq m (424 sq ft)
1 Bedroom, Kitchen, Living Room, Bathroom
Flat 3 - 73 sq m (786 sq ft)
2 Bedrooms, Kitchen, Living Room, Bathroom
Total Retail & Residential Area: 418 sq m (4,511 sq ft)
Tenancy:
The retail shop is at present let to Marie Curie Cancer Care for a term of 10 years from 10th February 2014 at a current rent of £18,000 per annum and the lease contains full repairing and insuring covenants. Rent review from 2019 outstanding (upward only). Break clause in 2019 NOT exercised.
Flat 1 is at present let on AST to an Individual for a term of 6 Months from 16th April 2021 (Holding Over) at a current rent of £4,740 p.a. Deposit held of £395.
Flat 2 is at present let on AST to an Individual for a term of 6 Months from 25th June 2022 at a current rent of £4,740 p.a. Deposit held of £455.
Flat 3 is at present let on AST to an Individual for a term of 12 Months from 16th October 2021 (Holding Over) at a current rent of £5,400 p.a. Deposit held of £450.
Flat 4 is at present let on AST to an Individual for a term of 6 Months from 10th October 2022 at a current rent of £5,520 p.a. Deposit held of £460.
Brochures
Horsemarket, Barnard Castle, County Durham, DL12
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bishop Auckland Station12.6 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
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