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**FOR SALE BY AUCTION** On behalf of Pattinson Auctions, Kenricks are pleased to offer this Investment property for sale.
This substantial 3 storey property comprises of a Let Hairdressing / Beauty Business and 2 Self-Contained Flats situated above.
The property is in good order throughout and needs to be viewed to be fully appreciated.
Ground Floor
Open Plan stylish and contemporary hair / beauty salon with concealed lighting and laminate flooring.
2 Storerooms.
WC.
Separate Entrance leading to:
First Floor
Flat 1
Lounge.
Fitted Kitchen with wall and base units
Bedroom.
Bathroom comprising 2-piece suite with shower over bath and tiled walls.
Toilet
Flat 2
Internal staircase leading to:
Second Floor
Lounge.
Fitted Kitchen with wall and base units
Bedroom.
Shower and Toilet.
EXTERIOR; Forecourt. Enclosed yard to the rear of the property.
AGENTS NOTES: The 2 residential flats are currently unoccupied due to the Vendor’s decision to market the property. Both flats have card electric meters. There is no gas in the building.
Sale subject to the fees, terms and conditions of Pattinson Auctions.
BUSINESS: We are informed that the hairdresser / beauty salon has been let at a rent of £4,680 per annum. When let Flat 1 would draw £110 per week. Flat 2 when let would draw £100 per week.
When fully let the hairdresser / beauty salon and both flats would draw £15,600 per annum.
TENURE: Freehold.
PRICE IS STARTING BID
VIEWING: By appointment through Kenricks 01253 420420.
Property Reference INV280M
Copeland Residential,
5 Ashfield Terrace,
Chester Le Street,
DH3 3PD
Monday: 9am – 5.30pm
Tuesday: 9am – 5.30pm
Wednesday: 9am – 5.30pm
Thursday: 9am – 5.30pm
Friday: 9am – 5.30pm
Saturday: 9am – 3pm
Sunday: Closed
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