Guide price
£230,000
(£65.90/sq. ft)
Retail premises for saleSunderland Road, Peterlee SR8
5,000 sq. ft
Added on
Parker Barras
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About this property
Huge Property
Asset Management Opportunity
High Rental
Investment/Asset Management Opportunity In Horden, Peterlee, SR8 4PF
An asset management opportunity containing the following.
A ground floor social club
A first floor nightclub
A 2 bedroom flat
A 1250 sqft industrial Unit
A Garage
The property has been rented out separately over the years and the total income once received when fully occupied was £4,155 per month or £49,380 per annum. Offering a potential return of 21% on the guide price.
Currently occupied is only the flat for £475 per month and the garage unit for £170 per week.
There is a garage, currently on a 3 year lease running until August 2029.
Total current income - £14,540 per annum.
An excellent opportunity to acquire a large freehold property with great income potential.
Sunderland Road (SR8 4PF) in Horden, Peterlee, is a mixed commercial and residential area located along the A1086 main arterial road, featuring local amenities and nearby access to Peterlee and Horden town centers.
Available by way of the method of modern auction
Guide Price - £230,000
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