Retail premises for sale

13 Hope Street, Crook, County Durham DL15

Please refer to auctioneer for more information Guide Price = £150,000-£190,000

**For Sale By Public Auction 7th October 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Ground Floor Double Fronted Retail Unit and First Floor Office Space Let to Farplace Animal Rescue Producing £25,000 Per Annum (Reflecting a Gross Initial Yield of 16.6% on Lower End of Guide).

Tenure
Freehold

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Glenholme Skate Park are within easy reach. Transport links are provided by the A689.

Description
The property comprises a mid terrace building arranged to provide a ground floor retail unit and first floor office space.

Accommodation
Ground Floor
Retail Unit
Storage Space
Office Space
WC

G.I.A. Approximately 150 sq m

First Floor
Office Space
Storage Space
WC

G.I.A. Approximately 188 sq m

Tenancy
The property is let to Farplace Animal Rescue Limited on an Fri lease for a term of 7 years commencing 1st May 2025 at a rent of £25,000 per annum. Upwards only rent review May 2028 and mutual break clause May 2030.

The tenant has an option to purchase the property for the higher of £225,000 or market value after 1st May 2030 until lease expiry.

Viewing Schedule (No Booking Required)