Guide price
£90,000
(£78.13/sq. ft)
Retail premises for saleNewbottle Street, Newbottle, Houghton Le Spring DH4
1,152 sq. ft
Just added
About this property
Investment opportunity
Freehold Title
Ground Floor Barbers
First Floor Hairdressers
Generating Approximately 12,548 per annum
Prime Commercial Location
Great Transport Links
Summary
**For Sale via Secure Sale Online Bidding - Terms and Conditions Apply**
**Fully Let Mixed-Use Investment Producing 13,548 Per Annum (Approx. 13.55% Gross Yield)**
We are delighted to present this excellent mixed-use investment opportunity, prominently positioned on Newbottle Street in the heart of Houghton-le-Spring. Offered for sale via Secure Sale online bidding, this fully let property provides an attractive, income-producing investment with established tenants and immediate rental income from completion.
The property comprises two self-contained commercial units, both occupied by long-standing businesses. The ground floor is let to a Barbers, generating an annual rental income of **7,308**, while the first floor is occupied by a hairdressers, producing **6,240** per annum. Together, the property generates a total annual rental income of **13,548**, representing an attractive gross yield of approximately **13.55%**.
The ground floor accommodation benefits from a dedicated **kitchenette and WC**, while the **basement provides useful storage space** for the commercial premises. Externally, the property also benefits from a **fenced rear yard**, offering secure outside space.
An additional benefit of the sale is that the **fixtures and fittings within the first-floor premises are owned by the current vendor and will be included in the sale**, providing the purchaser with ownership of these items upon completion and adding further value to the investment.
Situated within a busy commercial parade, the property enjoys excellent visibility and strong pedestrian footfall, surrounded by a variety of established retailers, cafs and local businesses. Houghton-le-Spring benefits from excellent transport links via the A690, A19 and A1(M), providing convenient access to Sunderland, Durham and the wider North East, making it an attractive location for both businesses and investors.
This represents an excellent opportunity for investors seeking a fully occupied commercial asset with secure rental income, established tenants and strong investment returns.
**Investment Summary**
* Fully let mixed-use commercial investment.
* Annual rental income:
* (Ground Floor): 7,308 per annum**
* (First Floor): 6,240 per annum**
*Total Rental Income: 13,548 per annum**
* Approximate gross yield of **13.55%**.
* Two long-established commercial tenants.
* Ground floor benefits from a kitchenette and separate WC.
* Basement providing useful storage space.
* Secure fenced rear yard.
* First-floor fixtures and fittings are included in the sale and will transfer to the purchaser upon completion.
* Offered for sale via Secure Sale online bidding - terms and conditions apply.
Location
The subject premises is set within Newbottle Street, Houghton le Spring. Newbottle Street is the primary retail and business centre within the area serving a sizeable local resident population and surrounding areas. The area is found off the A690 between Durham City and Sunderland and between the A1 and A19. Specifically, access to the subject premises is located adjacent to the car park to the rear of Newbottle Street.
Tenure
Freehold. Title number TY141200.
Rateable Value
Current rateable value for 102 is 6,800 (1 April 2026 to present). Sourced from voa.
Current rateable value for 102a is 4,950 (1 April 2026 to present). Sourced from voa.
EPC
Available upon request.
(EPC rating for both is C).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
**For Sale via Secure Sale Online Bidding - Terms and Conditions Apply**
**Fully Let Mixed-Use Investment Producing 13,548 Per Annum (Approx. 13.55% Gross Yield)**
We are delighted to present this excellent mixed-use investment opportunity, prominently positioned on Newbottle Street in the heart of Houghton-le-Spring. Offered for sale via Secure Sale online bidding, this fully let property provides an attractive, income-producing investment with established tenants and immediate rental income from completion.
The property comprises two self-contained commercial units, both occupied by long-standing businesses. The ground floor is let to a Barbers, generating an annual rental income of **7,308**, while the first floor is occupied by a hairdressers, producing **6,240** per annum. Together, the property generates a total annual rental income of **13,548**, representing an attractive gross yield of approximately **13.55%**.
The ground floor accommodation benefits from a dedicated **kitchenette and WC**, while the **basement provides useful storage space** for the commercial premises. Externally, the property also benefits from a **fenced rear yard**, offering secure outside space.
An additional benefit of the sale is that the **fixtures and fittings within the first-floor premises are owned by the current vendor and will be included in the sale**, providing the purchaser with ownership of these items upon completion and adding further value to the investment.
Situated within a busy commercial parade, the property enjoys excellent visibility and strong pedestrian footfall, surrounded by a variety of established retailers, cafs and local businesses. Houghton-le-Spring benefits from excellent transport links via the A690, A19 and A1(M), providing convenient access to Sunderland, Durham and the wider North East, making it an attractive location for both businesses and investors.
This represents an excellent opportunity for investors seeking a fully occupied commercial asset with secure rental income, established tenants and strong investment returns.
**Investment Summary**
* Fully let mixed-use commercial investment.
* Annual rental income:
* (Ground Floor): 7,308 per annum**
* (First Floor): 6,240 per annum**
*Total Rental Income: 13,548 per annum**
* Approximate gross yield of **13.55%**.
* Two long-established commercial tenants.
* Ground floor benefits from a kitchenette and separate WC.
* Basement providing useful storage space.
* Secure fenced rear yard.
* First-floor fixtures and fittings are included in the sale and will transfer to the purchaser upon completion.
* Offered for sale via Secure Sale online bidding - terms and conditions apply.
Location
The subject premises is set within Newbottle Street, Houghton le Spring. Newbottle Street is the primary retail and business centre within the area serving a sizeable local resident population and surrounding areas. The area is found off the A690 between Durham City and Sunderland and between the A1 and A19. Specifically, access to the subject premises is located adjacent to the car park to the rear of Newbottle Street.
Tenure
Freehold. Title number TY141200.
Rateable Value
Current rateable value for 102 is 6,800 (1 April 2026 to present). Sourced from voa.
Current rateable value for 102a is 4,950 (1 April 2026 to present). Sourced from voa.
EPC
Available upon request.
(EPC rating for both is C).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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