Block of flats for sale in Front Street, Durham DH7

Location

The subject property is located in Sacriston situated 3 miles north of Durham City and 5 miles south of Chester-le-Street with access to the A1M. The property is located on the B6532. There are several bus links in close proximity providing easy access to Durham City.

By car from the property to:
Newcastle 17 miles 33 minutes
Sunderland 17 miles 33 minutes
Stockton 27 miles 38 minutes
Middlesborough 29 miles 44 minutes

Description

The subject property is a brick-built, three storeys building that was previously used as sheltered housing for veterans. The property comprises of 17 one-bedroom self-contained apartments, eaching containing their own living area which includes a kitchen, bedroom and bathroom across the upper two storeys. On the ground floor there is a communal lounge area and WC as well as a further two-bedroom self-contained apartment (complete with reception, two bedrooms, kitchen and bathroom) which can be also used as an office. There is a car park at the property with space for 30 cars.

Accommodation

Ground Floor 238.50m² 2,568ft²
First Floor 512.90m² 5,521ft²
Second Floor 506.70m² 5,454ft²
Total 1,258.10m² 13,543ft²

Rateable value

Property banding Band A
Durham County Council
Each flat maintains its own council tax

EPC rating

C58

Planning

Current planning reflects the property’s most recent use as a residential accommodation for army veterans within Class C2. Planning is to be submitted to widen this use to a residential institution for persons in need of care. The property is ideal for institutions: Care and private dwelling or service lets, subject to planning.

Terms

The freehold of the property is available with offers in the region of £850,000 (Eight Hundred and Fifty Thousand Pounds).

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.