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6, Clyde Terrace, Spennymoor, DL16 7SE

A Commercial & Residential Investment Producing £17,171.80 per annum
Location: 6 Clyde Terrace, DL16 7SE
Property type: Flat, General Retail, Mixed Use, Residential, Retail, Other Property Types & Opportunities
Tenure type: For Sale Freehold
Tenancy type: Investment
*UNSOLD, THE LAST BID WAS £99,000. PLEASE REFER TO AUCTIONEER FOR RESERVE* Tenure Freehold. The rear house is currently held on a separate lease but will be surrendered upon completion. Description The property comprises a two storey mid terraced building arranged as a ground floor shop with a first floor flat above and a one bedroom house to the rear. Location The property forms part of an established shopping parade in Spennymoor. Nearby multiples include Aldi, Asda and numerous local established traders. Transport links are provided by easy access to the A1 (M) Motorway Junction 61. Accommodation & Tenancy Schedule Property Floor Accommodation Terms of Tenancy Current Annual Income Shop Ground Shop Area Let on an FRI lease for a term of 10 years commencing 9th August 2013. £7,800 Flat A First Two Bedroom Self-Contained Flat Let on a 36 month AST from 1st May 2018 at a rent of £282.65 pcm £3,391.80 Rear House Ground & First One Bedroom Accommodation Let on a 10 year AST from 9th August 2013 at a rent of £498.33 pcm £5,980 Current Rent Reserved £17,171.80 per annum Addendum The property is sold as freehold upon completion and not as originally published.

Flat A is let at £65 per week (£3,380 pa) from 12/12/11 - 26/01/14. The rear house is let on a 36 month tenancy from 01/05/18.
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