Property description
Freehold Investment For Sale Crook. Located on Hope Street this is a 3 storey property on Hope Street which is the primary retail street in the market town of Crook in County Durham. Rental Income £8,400pa. Planning permission for 4 flats on upper floors.
Location
Crook is market town on the outskirts of Bishop Auckland and around 10 miles from Durham City. The population is around 14,000 however, new housing developments recently completed in the area will have added to this number. Crook is also the main business centre for outlying villages.
Property Description
A three storey, double fronted terraced property of brick construction with part rendered frontage, under a pitched slate roof. The ground floor premises are currently occupied by a non-food retailer whilst the two upper floors are vacant.Our client informs us that Planning Permission to convert the upper floors into 4no flats was granted in 2006 (or thereabouts). Our client believes that the planning permission is still in effect. Potential purchasers should make their own enquiries to Durham County Council
Tenure
We understand the property to be Freehold.
Tenancies
The property is occupied on an informal lease on the ground floor only at an annual rent of £8,400pa.
Rateable Value
The 2010 rateable value as shown on www.voa.gov.uk is £15,700. There seems to be two seperate entries for the property. The above RV is the combined amount of the two.The current multiplier is 43.3p in each £. Check with the local authority to see if there are any discounts or reliefs available to you.
Viewing
All viewings by prior arrangement with Roberts Commercial @ Secret Key. On no account attempt to view without an appointment. Call 0191 291 2000
Disclaimer
Important Note: None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchange of contracts. Roberts Commercial for themselves and for the vendors or lessors of this property, whose agents they are give notice that these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract. No persons in the employment of Roberts Commercial has any authority to make or give any representation or warranty whatever in relation to this property.
Property Features :
- Investment Property For Sale
- Busy Pedestrian Thoroughfare
- 3 Storey Property
- Rental Income of £8,400.
- Vacant Upper Floors