From
£160,000
(£160,000.00/sq. ft)
Retail premises for saleFront Street, Pelton DH2
From 1 - 1,889 sq. ft
Under offer
About this property
Investment Opportunity – Two Retail Units, Front Street, Pelton, DH2
Location
The property occupies a prominent position on Front Street, within the centre of Pelton, a well-established village approximately 2 miles west of Chester-le-Street and within close proximity to the A693 and A1(M), providing easy access to Durham, Newcastle, and the wider North East region.
Front Street forms Pelton’s principal retail and commercial thoroughfare, hosting a mix of national and local occupiers including Co-Operative Food (opposite the subject property), takeaway operators, convenience stores, hair and beauty salons, and professional service providers. The location benefits from steady pedestrian footfall, local trade, and a strong surrounding residential catchment.
Description
The property comprises a two-storey mid-terraced building, arranged to provide two self-contained ground floor retail units with ancillary accommodation above.
Both units benefit from full-height glazed shopfronts and direct frontage onto Front Street, offering good visibility and signage opportunities in a busy retail position.
Unit 1: Currently let on a 15-year Fri lease from 2024 at a passing rent of £800 per calendar month (£9,600 per annum), with a fixed rental uplift in 2027 to £1,000 per calendar month (£12,000 per annum).
Unit 2: Vacant, providing potential for re-letting, owner-occupation, or asset management to increase the property’s income profile.
Accommodation
6 Front Street - 75.5m2 (813ft2).
7 Front Street - 100m2 (1,076ft2).
(Approximate areas – to be confirmed by measurement)
Unit Description Status Rent (pa) Lease Term
1 Ground floor retail with ancillary Let £9,600 rising to £12, years from 2024
2 Ground floor retail Vacant – –
Tenure
Freehold.
Tenancy Details
Tenant: [Details available upon request]
Lease Term: 15 years from 2024
Passing Rent: £9,600 per annum
Rent Uplift: Fixed increase to £12,000 per annum in 2027
Repair Terms: Full Repairing and Insuring (Fri) lease
Investment Considerations
Prominent trading position opposite Co-Operative Food
One unit let on a new 15-year lease, providing secure income
One vacant unit offering immediate scope for re-letting or owner-occupation
Freehold title
Attractive yield potential and low capital entry level
Viewing
Strictly by appointment through the sole agents.
The property occupies a prominent position on Front Street, within the centre of Pelton, a well-established village approximately 2 miles west of Chester-le-Street and within close proximity to the A693 and A1(M), providing easy access to Durham, Newcastle, and the wider North East region.
Front Street forms Pelton’s principal retail and commercial thoroughfare, hosting a mix of national and local occupiers including Co-Operative Food (opposite the subject property), takeaway operators, convenience stores, hair and beauty salons, and professional service providers. The location benefits from steady pedestrian footfall, local trade, and a strong surrounding residential catchment.
Description
The property comprises a two-storey mid-terraced building, arranged to provide two self-contained ground floor retail units with ancillary accommodation above.
Both units benefit from full-height glazed shopfronts and direct frontage onto Front Street, offering good visibility and signage opportunities in a busy retail position.
Unit 1: Currently let on a 15-year Fri lease from 2024 at a passing rent of £800 per calendar month (£9,600 per annum), with a fixed rental uplift in 2027 to £1,000 per calendar month (£12,000 per annum).
Unit 2: Vacant, providing potential for re-letting, owner-occupation, or asset management to increase the property’s income profile.
Accommodation
6 Front Street - 75.5m2 (813ft2).
7 Front Street - 100m2 (1,076ft2).
(Approximate areas – to be confirmed by measurement)
Unit Description Status Rent (pa) Lease Term
1 Ground floor retail with ancillary Let £9,600 rising to £12, years from 2024
2 Ground floor retail Vacant – –
Tenure
Freehold.
Tenancy Details
Tenant: [Details available upon request]
Lease Term: 15 years from 2024
Passing Rent: £9,600 per annum
Rent Uplift: Fixed increase to £12,000 per annum in 2027
Repair Terms: Full Repairing and Insuring (Fri) lease
Investment Considerations
Prominent trading position opposite Co-Operative Food
One unit let on a new 15-year lease, providing secure income
One vacant unit offering immediate scope for re-letting or owner-occupation
Freehold title
Attractive yield potential and low capital entry level
Viewing
Strictly by appointment through the sole agents.
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