Restaurant/cafe for sale in Sunderland Street, Houghton Le Spring DH4

Summary

Mixed Use Investment For Sale!

The subject premises is a two storey, three floor traditional brick constructed building with a pitched roof.
The property consists of a hot food takeaway to the ground floor, 1x flat to the first floor and 1 x flat to the second floor.
The ground floor and first floor is currently let on a 18 year lease commencing 1st April 2013 with a passing rent now of 12,000 per annum.
We are verbally advised the the second floor flat is let on an AST at an annual rent of 3,640.

Location

The subject property is well located along Sunderland Street. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.4 miles from Houghton Le Spring town centre and approximately 6.9 miles from Sunderland city centre.

Accommodation

12 Sunderland Street - Retail area and kitchen. 40m2 (431 sq ft).
12a Sunderland Street - Lounge, kitchen, bedroom and bathroom. 40m2 (431 sq ft).
12b Sunderland Street - Lounge, kitchen, bedroom and bathroom. 40m2 (431 sq ft).

Tenure

Freehold. Title number: TY224544

Lease Details

12 - 12a Sunderland Street - On 1st April 2013 an 18 year lease term was taking out at an initial rent of 10,357 pa with rent reviews every third anniversary both parties have agreed a passing rent of 12,000 pa.

12b Sunderland Street - we are verbally advised that premise is currently let on AST at a weekly rent of 70 (3,640 pa).

EPC

We currently await a copy of the Energy Performance Certificate.

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.