* Freehold office/studio premises
* Located within Conservation Area
* Built circa 1860 as a stable block
* Arranged over 2 floors totalling 1525 ft2 (141. 67m2)
* Comprising 2 self - contained units
* Suit Investor/Owner Occupier
Location
The town of Houghton le Spring is located approximately 8 miles southwest of
Sunderland and 7. 5 miles northeast of Durham immediately accessible from the
A690 which in turn provides direct access to both the A1M and A19. Vine Place
is a Conservation area just off The Broadway and Newbottle Street which is the
principal shopping area.
Description
We understand the attractive property stone fronted property was constructed
circa 1860 as a stable block and hay loft and has been renovated in recent
years providing 2 self - contained units arranged over part ground, upper ground
and first floor levels. The lower section has been occupied as a fitness
studio for several years and the top floor as an Architects practice and would
suit an owner occupier for either the whole or part with the option of
generating rental income from the remainder. The property is to be sold with
full vacant possession.
Accommodation
The property briefly comprises as follows: -
ft2 m2
4 vine place
Ground Floor
Offices, WC & Kitchen 238 22. 11
Upper Ground Floor and Mezzanine
Dance Studio Office & Stores 658 61. 13
4a vine place
Second Floor
Offices, Kitchen and WC
629 58. 43
overall total 1525 141. 67
Tenure
We are advised the property is Freehold.
Asking Price
Offers in the region of £120, 000 (one hundred and twenty thousand pounds)
Costs
Each party will be responsible for their own Legal Fees incurred in the
transaction.
Viewing
Contact – Mario Jaconelli or Alexa Reavley
•
•
• VAT
We are advised the property is not elected for VAT.
Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Values are as
follows: -
No. 4 £6, 300
No. 4a £3, 650
The Uniform Business Rate for the Rates Year 2023/2024 is 49. 9p If necessary,
a written request should be made to the Local Authority for confirmation.
Based upon this assessment and subject to meeting certain criteria the tenant
may be eligible for 100% Business Rates relief. Please contact the non -
domestic rating department of the Local Authority for clarification
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 C4142 EPC 92/D

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