Property for sale

Main Street, Ferryhill DL17

For Sale – Exceptional High-Yield Freehold Investment, Main Street, Ferryhill, DL17

Positioned in a prominent location on Main Street, Ferryhill, this versatile freehold investment opportunity presents two well-sized retail units-totalling approximately 1,410 sq ft (131 sq m)-right in the heart of this traditional County Durham market town.

**Property Highlights**
- Double Retail Units: Two adjacent retail shops, both with well-presented red-brick façades and large display windows offering excellent visibility onto Main Street. Unit 16 features electric shutter access, prominent signage (formerly a hot food takeaway), and dual entrance/rear access options. Unit 17 presents with generous frontage and an aluminium-rollover security shutter, ideal for a range of tenants.
- Tenancy Mix: Currently let to established local independent retailers, delivering a solid annual rental income of £13,380. One unit benefits from a long unexpired lease (over 10 years remaining), securing stable income, while the other offers attractive asset management potential upon a soon-expiring lease.
- Energy Performance: Both units boast an EPC grade ‘D’, meeting regulatory standards for tenants in the retail, financial, and takeaway sectors.
- Tenure: Freehold with an asking price of £120,000 and a noteworthy gross yield of 11.15%-significantly outperforming typical regional returns for small-town retail.

**Prime Retail Pitch & Strategic Location**
The property occupies a busy trading stretch in Ferryhill’s town centre, set amongst well-established operators and directly opposite B&M and Coral-guaranteeing steady pedestrian traffic throughout the day. The location is highly visible and easily accessible, drawing custom from shoppers and local families alike.

Ferryhill itself enjoys strong local patronage and benefits from excellent links via the A167 and A1(M), providing access to Durham (8 miles north), Bishop Auckland, Spennymoor, and Darlington (13 miles south). Customers and tenants benefit from readily available on-street parking and close proximity to daily conveniences.

**Local Amenities & Transport**
- Cafés, pubs, pharmacies, supermarkets, and convenience stores cater to the busy high street.
- Dean Bank Primary and Nursery School, Dean Bank Children’s Centre, and Broom Cottages Primary & Nursery School are all within walking distance, serving to underpin the area’s stable catchment demographic.
- Ferryhill serves as a hub for the surrounding villages, with regular public transport links and good road connectivity.
- Local parks, post office, gp services, and traditional market stalls all contribute to ongoing high footfall.

**Investment & Growth Potential**
With low local vacancy rates, solid historical demand, and secure passing rents, this opportunity is well-positioned for the income-minded investor. The weighted average unexpired lease term provides stability, while upcoming lease events create scope for re-gearing, improved covenants, or alternative tenant alignment. Modest rents allow good prospects of retention and re-letting, while manageable unit sizes appeal to a broad rental market. The freehold title allows maximum flexibility for portfolio strategies.

Properties of this calibre rarely become available in Ferryhill’s high street core. Offering both strong headline yields and a position amid one of the area’s busiest shopping scenes, this asset would suit seasoned or first-time investors alike.

**Viewings are highly recommended to appreciate the property’s visibility, accommodation, and income credentials. For further information or an appointment to view, please get in touch today.**