Property photos
Just added
£250,000
Retail premises for sale
2 Romaine Square, County Durham DH6Local area information
Property location
Nearby amenities
- Bowburn Junior School 0.2 miles
- Shincliffe CofE (Controlled) Primary School 1.3 miles
- Durham 3.6 miles
- Bishop Auckland 8.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Fully Let Investment Opportunity
- Ground floor retail producing £14,400 per annum
- First Floor Flat producing £7,200 per annum
- Total £21,600 per annum
- Gross yield of 8.64%
Mix Use Investment
Prominent mid terraced building arranged over 2 floors, comprising a ground or retail unit currently occupied by a dehli. Currently extending their lease by a further 8 years at a passing rent of £1,200 per calender month and £14,400 per annum. Open market reviews every 2nd year.
First floor is 2x bedroom self-contained flat above, accessed from the front. Currently let out on a 12 month AST at £7,200 per annum.
We understand that the shop currently has an ‘E’ Use Class, which includes retail, restaurant, leisure, medical and office uses.
Freehold, with vacant possession of the ground floor retail unit and top floor flat. The first floor flat is currently rented out on Assured Shorthold Tenancy Agreement. Full vacant possession can be provided.
The property is located on Romaine Square, Bowburn, County Durham (DH6 5AE), close to the junctions with Tweddle Terrace and Surtees Avenue. Nearby occupiers include Paxton’s Sandwich Bar, Takher Ltd, Durham Denture Clinic, and the local Post Office, forming part of a small neighbourhood retail parade. The surrounding area is predominantly residential, with good local bus connections and easy access to Durham city centre, approximately 3 miles to the north.
We are instructed to seek offers in excess of £250,000 (Two Hundred and Fifty Thousand Pounds) subject to and exclusive of VAT.
Prominent mid terraced building arranged over 2 floors, comprising a ground or retail unit currently occupied by a dehli. Currently extending their lease by a further 8 years at a passing rent of £1,200 per calender month and £14,400 per annum. Open market reviews every 2nd year.
First floor is 2x bedroom self-contained flat above, accessed from the front. Currently let out on a 12 month AST at £7,200 per annum.
We understand that the shop currently has an ‘E’ Use Class, which includes retail, restaurant, leisure, medical and office uses.
Freehold, with vacant possession of the ground floor retail unit and top floor flat. The first floor flat is currently rented out on Assured Shorthold Tenancy Agreement. Full vacant possession can be provided.
The property is located on Romaine Square, Bowburn, County Durham (DH6 5AE), close to the junctions with Tweddle Terrace and Surtees Avenue. Nearby occupiers include Paxton’s Sandwich Bar, Takher Ltd, Durham Denture Clinic, and the local Post Office, forming part of a small neighbourhood retail parade. The surrounding area is predominantly residential, with good local bus connections and easy access to Durham city centre, approximately 3 miles to the north.
We are instructed to seek offers in excess of £250,000 (Two Hundred and Fifty Thousand Pounds) subject to and exclusive of VAT.
More information
Listed by
.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Bradley Hall. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bradley Hall for full details and further information.