* 2 adjoining retail properties
* Part vacant shop with first floor storage
* Part let producing £6, 000 per annum
* Town centre location
* Close to Greggs’ Iceland and Superdrug
* Suit owner occupier/investor
Location
The properties are centrally located in Newbottle Street within the centre of
Houghton le Spring close to a number of occupiers including Superdrug, Lloyds
Bank, Greggs, Iceland and Ladbrokes.
Description
The building is arranged as 2 separate units know as numbers 19 and 19a
Newbottle Street. Number 19 is arranged over ground floor only and is occupied
as a nail salon – details below. Number 19a comprises vacant ground floor shop
formerly occupied as a florist with a first floor extending above both shop
units. There is a shared yard area to the rear providing access and also fire
escape to the right - hand side of the nail salon over which the adjacent
occupier has access across for the purposes of a fire escape.
Accommodation
The properties briefly comprise as follows: -
No. 19 – Nail Salon ft2 m2
Sales Area 496 46. 08
Kitchen/Staff 77 7. 15
**WC
**
No. 19a – Vacant ft2 m2
Ground Floor
Sales Area 283 26. 29
Rear Sales 95 8. 83
**WC**
First Floor
Office/stores 620 8. 83
Externally Shared yard to rear
Tenure
We are advised the property is Freehold.
Tenancy Details
Number 19 Newbottle Street is let to as a nail salon for a term of 5 years
with effect from 19/04/21 at an annual rental of £6, 000 on a tenant Fri basis
with a tenant option to break the lease at the 3rd anniversary. Number 19a
Newbottle Street is to be sold with vacant possession.
Asking Price
Offers in the region of £95, 000 (ninety - five 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
Figures quoted exclude VAT where chargeable.
Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Values are
No. 19 £5, 200
No. 19a £7, 400
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.
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 C4161
EPC No. 19 Rating 75/C No. 19a Rating 90/D

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