The property was originally made up of two retail units with upper floor storage/residential that has been combined to form a single unit which has traded most recently as a laundrette. The property has two shop fronts and our client advises that there are two electricity supplies to the property thus making division for separate occupation possible at relatively low cost. Tenant demand appears to be strong at present with high occupancy rate & additional footfall created by the recent Aldi supermarket development.

The property occupies a prominent position on High Street to the south of Festival Walk (includes Greggs & Card Factory) and the new Aldi supermarket development. Occupiers on High Street in Cheapside include, Spennymoor Library, Boots, William Hill, Evens & Co, Lloyds Bank, Ladbrokes & various independent retailer, hair salons, hot food take aways and offices.

The property has two high quality aluminium framed shop fronts and would lend itself well to the creation of two self-contained retail units. The first floor has been stripped back to a shell and provides storage space. To the rear of the property is an external W/C, yard, and shared access to the side of the property.

The property has benefit of mains supplies of water and electricity in addition to mains drainage. Our client advises us that there are two electricity supplies to the property one of which is three phase. Interested parties should make their own enquiries as to the services available at the property.

Two storey property made up of ground floor retail with first floor storage
Potential to create multi-let investment
Overall areas approx. 200.61 sq m /2159 sq ft
Prominent position on the High Street close to Festival Walk and Aldi
Ample free parking in the vicinity.

Property details provided by Greig Cavey
EPC rating: B
Council Tax band: N/A
Tenure : Freehold
For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 31 AUGUST 2023 OPTION 1

Accommodation
FloorDescriptionArea sq mArea sq ft
GroundSales 4 High St47.73513.71
GroundSales 6 High St41.25444.00
GroundStores/Kitchen27.86299.85
FirstStores83.78901.82
OverallTotal200.612159.38

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by GC. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.