Retail premises for sale

North View Terrace, Colliery Row, Houghton Le Spring DH4

Summary

For sale via secure sale online bidding - terms and conditions apply.

Pattinson estate agents are delighted to bring to the market this versatile freehold property located in the established area of Colliery Row, Houghton Le Spring.
This unique building offers an excellent opportunity for investors, developers, or owner-occupiers, featuring a spacious upper-floor residential flat alongside a ground-floor commercial retail unit with significant development potential.

Property Overview
Upper Floor: Spacious 3-bedroom residential flat.
Ground Floor: Former retail unit with prominent street frontage.
Planning Status: Approved planning permission to convert the ground floor back into a 2 bedroom residential dwelling.
Tenure: Freehold.

Accommodation
Ground Floor Retail Unit
Previously operated as a local retail shop, this space comprises a main sales area, rear storage/preparation rooms, and W.C. Facilities. The unit benefits from excellent visibility and a high volume of local passing traffic. Under the current planning approval, this space can be seamlessly converted back into a residential unit, making it ideal for a high-yield dual-income investment or conversion into a large single-family home.

First Floor Flat
A well-proportioned upper flat accessed via a separate entrance. The living accommodation briefly comprises:
Entrance stairwell
Generous living room
Fitted kitchen
Three bedrooms
Family bathroom

Externally
The property benefits from a separate detached garage which has been previously rented out for vehicle storage.

Location
Situated on North View Terrace in Colliery Row, the property is well-positioned within a established residential and commercial pocket of Houghton Le Spring (DH4). It enjoys excellent transport links via the A182 and A690, providing easy access to Sunderland, Durham, and Newcastle city centres. Local amenities, schools, and public transport links are all within walking distance

Viewing Arrangements
Viewing is strictly by appointment only through Pattinson Commercial.
Please contact our Sunderland team to arrange a viewing or to request further details regarding the planning documentation.

** Please note Pattinson have not internally inspected this property.

Location

The subject property is located along North View Terrace in Houghton-le-Spring. It is close to all local amenities and has excellent transport links. Sunderland City Centre is approximately 8 miles from the property and Newcastle City Centre is situated roughly 14 miles away.

Tenure

Freehold: Title number TY455884.

EPC

Rating D. Available upon request.

Rateable Value

The adopted rateable value is 3,250 as of the 1st April 2023. Sourced from voa.

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.