Guide price
£175,000
Retail premises for sale13 Hope Street, Crook, County Durham DL15
Just added
Auction
Freehold
About this property
Guide Price = £175,000+
**For Sale By Public Auction 2nd September 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Ground Floor Double Fronted Retail Unit and First Floor Office Space Let to Farplace Animal Rescue Producing £25,000 Per Annum (Reflecting a Gross Initial Yield of 14.3%).
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Glenholme Skate Park are within easy reach. Transport links are provided by the A689.
Description
The property comprises a mid terrace building arranged to provide a ground floor retail unit and first floor office space.
Accommodation
Ground Floor
Retail Unit
Storage Space
Office Space
WC
G.I.A. Approximately 150 sq m
First Floor
Office Space
Storage Space
WC
G.I.A. Approximately 188 sq m
Tenancy
The property is let to Farplace Animal Rescue Limited on an Fri lease for a term of 7 years commencing 1st May 2025 at a rent of £25,000 per annum. Upwards only rent review May 2028 and mutual break clause May 2030.
The tenant has an option to purchase the property for the higher of £225,000 or market value after 1st May 2030 until lease expiry.
**For Sale By Public Auction 2nd September 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Ground Floor Double Fronted Retail Unit and First Floor Office Space Let to Farplace Animal Rescue Producing £25,000 Per Annum (Reflecting a Gross Initial Yield of 14.3%).
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Glenholme Skate Park are within easy reach. Transport links are provided by the A689.
Description
The property comprises a mid terrace building arranged to provide a ground floor retail unit and first floor office space.
Accommodation
Ground Floor
Retail Unit
Storage Space
Office Space
WC
G.I.A. Approximately 150 sq m
First Floor
Office Space
Storage Space
WC
G.I.A. Approximately 188 sq m
Tenancy
The property is let to Farplace Animal Rescue Limited on an Fri lease for a term of 7 years commencing 1st May 2025 at a rent of £25,000 per annum. Upwards only rent review May 2028 and mutual break clause May 2030.
The tenant has an option to purchase the property for the higher of £225,000 or market value after 1st May 2030 until lease expiry.
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Monthly repayment
£875 per month
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