Flat For Sale

Key Details

Property Description

FOR SALE VIA ONLINE AUCTION: terms and conditions apply.

LOCATION The subject property is located on Church St, Consett, which is situated in the town centre. The A691 and A692 and situated in close proximity to the property, the former connecting Consett with Durham and the latter providing a direct connection to Newcastle and the A1(M) in the north.

DESCRIPTION The subject property comprises of a brick-built, mixed-use property with three commercial units to the ground floor and 5 flats to the first floor. The ground floor units are currently occupied by Cash Converters, a barber shop and a deli. There is off street parking opposite the property.

ACCOMMODATION We calculate the approximate net/gross internal floor areas to be as follows:

Commercial Units Unit 1 44.37 m² 478 ft² Unit 2 189.10 m² 2,036 ft² Unit 3 46.58 m² 501 ft²

Residential Units Flat 1 60.00 m² 646 ft² Flat 2 49.00 m² 527 ft² Flat 3 58.00 m² 624 ft² Flat 4 40.00 m² 431 ft² Flat 5 63.00 m² 678 ft²

Total 551.23 m² 5,934 ft²

Flat 1 D Flat 2 D Flat 3 D Flat 4 D Flat 5 E Unit 1 B Unit 2 B Unit 3 B

RATING ASSESSMENT Description RV Estimated Rates Payable Hairdressing Salon & Premises �6,100 �3,043.90 Shop & Premises �15,000 �7,485.00 Shop & Premises �6,600 �3,293.40

Commercial Units Rent (Per Annum) Unit 1 �9,997 Unit 2 �15,520 Unit 3 �9,864

Residential Units Rent (Per Annum) Rent (Per Month) Flat 1 �4,400 �370.00 Flat 2 �4,800 �400.00 Flat 3 �4,368 �364.00 Flat 4 �3,768 �314.00 Flat 5 �3,996 �333.00

Total �56,713

• Location