Retail premises for sale

Front Street, Houghton-Le-Spring DH5

This substantial property is a mixed use building with three independent shops on the ground floor with their independent electric supply. There is also a storage unit rented separately to the rear of the property as can be seen on the attached floor plans. The first and second floor of the property benefits from lapsed planning permission to convert into 3x three bedroom apartments. The planning reference can be found below.

Property Overview:

Location: High street in Hetton-Le-Hole town centre, spread over three floors with prominent views of the town centre.
Accessibility: Centrally located with quick access to the A690, providing direct routes to Sunderland, Durham, and the A1(M). Approximately 25 minutes to Newcastle and Darlington. Local amenities, including supermarkets, petrol stations, and essential shops, are all within walking distance.
Planning (Ref: 20/02076/ful) : With further development to the upper floors the rent can increase substantially and also the value of the property.

Current Commercial Units Rental Income:

The ground floor commercial units currently generate a combined monthly rental income of £1,900 broken down as follows:
Retail Shops (3 units): £1,600 per month combined
Rear Storage Unit: £300 per month