14 Front Street, Hetton-le-hole, Houghton Le Spring

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Vacant Retail Investment Opportunity • Ground Floor Retail Unit • Upper Parts Sold Long-Leasehold • Asset Management Potential Via Letting • ERV Approx. £11,000 p.a. • Prominent Corner Pitch with Return Frontage • VAT-Free Opportunity • ERV Reflects 44% GIY on Guide Price

Location: • Nearest Station: Seaham Station • Distance to Station: 4.6 miles

Agent Information: • Address: 33 Margaret Street, London, W1G 0JD

Full Description: The property comprises a vacant retail unit with evident asset management potential and benefitting from a prominent corner pitch.Arranged as a ground floor retail unit, the property is offered with vacant possession and presents an evident asset management opportunity via letting to create a high yielding investment.The adjacent 15 Front Street is let at £11,250 per annum and we consider that the property may let for in excess of this figure given the prominent position and return frontage.The property occupies a prominent pitch on Front Street, the principal retail amenity for the area. The property benefits from a corner pitch with a return frontage to John Street. The area is characterised by a mix of local and national tenants with the principal grocery/supermarket amenity being directly opposite with Heron Foods and Tesco.