5-Bed Freehold Investment Property with Leased Businesses in Stanley, County Durham for Sale
Stanley, County Durham
- Status
UNDER OFFER
- Date Submitted:
06/10/23
- Advert ID
600792
- Reference
5871 / Rightbiz
- Call Agent:
- Freehold: £335,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- With Car Park
- Town Centre location
- Prime Location
- Fully Fitted
- Close to Local Amenities
Business Details
Freehold Investment Property (Tenanted & Businesses are NOT for sale) in Stanley
THIS IS A FREEHOLD PROPERTY INVESTMENT OPPORTUNITY. THE BUSINESSES ARE NOT FOR SALE
Key Features
- 5 bed property with 2 leased business premises
- 20 year lease convenience store and 3 bed living premises income £18,000
- Hairdressers rolling lease income £5,160
- 2 bed living premises income £4,560 on STTA
- THE BUSINESSES ARE NOT FOR SALE
Location
Located in Stanley, a former colliery town and civil parish in County Durham, North East England. Centred on a hilltop between Chester-le-Street and Consett, the town lies south west of Gateshead.
Premises
The property consisting of a five bedroom detached building, brick built under a pitched tile roof with uPVC glazed windows. A convenience store business premises with external access to the trading area and internal access to the 3 bedroom living premises. A hairdresser business premises with separate external access. A 2 bedroom living premises with separate external access.
Description
A let building made up of 2 retail units and 2 separate living premises (3 bedroom and 2 bedroom) situated over the ground floor and first floor.
Business operating as a convenience store and off licence, tenant holding a 20 year lease commencement December 2020 with an annual rental income of £18,000. Business premises incorporates trading area, internal storage and W.C. and 3 bedroom living premises with lounge, kitchen and bathroom.
Business operating as a hairdresser, tenant holding a 3 year rolling lease commencement date (TBC) with an annual rental income of £5,160.
A further living premises incorporates 2 bedrooms, lounge, kitchen and bathroom with an annual rental income of £4,560 on a STTA.
Leases
Further details on request
Tenure
Freehold sale only
EPC Rating
This business premises energy rating is C and valid until 10 August 2026
Measurements
TBC
Disclaimer Notice
All information provided within the advert is subject to our standard terms and conditions of A1 Businesses for Sale. See our disclaimer page for more details.
Viewings
Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
