Office for sale

Newbottle Street, Houghton Le Spring DH4

Location
Houghton le Spring lies approximately 7 miles southwest of Sunderland and 9 miles northeast of Durham. Newbottle Street is the main retail pitch within the town, and the property occupies an extremely prominent position adjacent to Gregg’s on the corner of Wheler Street. Other nearby occupiers of note include Iceland, B&M, Ladbrokes and Savers.

Description
The property has been occupied by Barclays Bank for several years and is arranged over ground, lower ground and first floors providing retail office and storage premises. The main building is of brick and slate pitched roof construction with attractive stone detailing having additions to the rear.

Accommodation
The property briefly comprises as follows:-

ground floor ft m ft2 m2
Sales Area Internal Width 22’9” 6.95
Sales Area 1415 131.45
First floor

Offices 881 81.84
Basement

Stores 664 61.69

Tenure
We are advised the property is Freehold.
Asking Price
Offers in the region of £150,000 (one hundred and fifty thousand pounds).
VAT

We are advised that the property is not subject to VAT.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Mario Jaconelli or Alexa Reavley
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• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £19,000. The Uniform Business Rate for the Rates Year 2026/2027 is 43.2 p. If necessary, a written request should be made to the Local Authority for confirmation.

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref C4365

EPC Energy Rating 55/C