Claypath,Durham
Sold

4 beds | £350,000


  • PROMINENT CITY CENTRE POSITION
  • MIXED COMMERCIAL/RESIDENTIAL
  • 4 STUDENT LETTING ROOMS
  • LET UNTIL 30TH SEPTEMBER 2017
  • POTENTIAL TO CREATE HIGH SPEC STUDIO FLATS
  • GOOD SIZE REAR GARDEN
  • GROUND FLOOR COMMERCIAL UNIT
  • CURRENTLY LET ON A 9 YEAR LEASE
  • BUSINESS NOT AFFECTED BY SALE

TOTAL RENTAL INCOME OF £25,400 PER ANNUM BASED ON CURRENT TENANCIES (7.7% GROSS YIELD). Prominently situated in this prestigious central position a short walk from the Market Place and a number of university buildings we are delighted to offer for sale this substantial three storey mid terraced property with ground floor commercial unit and 4 studio flats to the first and second floors. The property is fully let and offers an excellent investment opportunity, with scope to improve the studio flats to significantly increase the rental income. Comprising, large ground floor commercial unit currently operating as a thriving delicatessen, separate entrance with stairs to the first and second floors, all 4 flats have their own kitchens, and there is a communal shower room on both floors. Good size rear garden. For enquiries contact Paul Rickaby, Sales Director at Rise Estate Agents.

Ground Floor Commercial Unit Currently operating as a delicatessen, with large dining area, serving counter, kitchen, toilet facilities and a store room.

Private Entrance Hall Stairs to the first and second floor studio flats.

First Floor Landing Stairs to the second floor.

Studio Flat 1 14' 8'' x 13' 8'' (4.47m x 4.16m) Built in wardrobes, electric wall heater and a separate kitchen with wall and base units and sink unit.

Studio Flat 2 15' 10'' x 11' 9'' (4.82m x 3.58m) Electric wall heater and a separate kitchen with wall and base units and stainless steel sink unit.

Shower Room Shower cubicle, low level wc and wash hand basin.

Second Floor Landing

Studio Flat 3 Electric wall heater and open plan kitchen with wall and base units and stainless steel sink unit.

Studio Flat 4 16' 7'' x 7' 7'' (5.05m x 2.31m) Electric wall heater and open plan kitchen area with wall and base units and stainless steel sink unit.

Shower Room Shower cubicle, wash hand basin and low level wc.

Externally Good size enclosed rear garden.

Tenure Freehold.

Agents Notes All enquiries to Paul Rickaby, Rise Estate Agents, call 0191 3865349 or email paul@riseestateagents.co.uk.

Read more