Commercial Development Building, 11-19 Trafalgar Street, Consett, County Durham, DH8 5AP

Commercial - Auction Guide £250,000
Commercial Development Building, 11-19 Trafalgar Street, Consett, County Durham, – For sale by our joint auctioneers London City Auctions in their 30th of June auction, online or in person at the Hard Rock Hotel at 2pm
Freehold – Subject to existing leases
Description:
An ideal investment opportunity to buy a shopping arcade which consists of 10 shops, 7 of which are obtaining a current rental income of £25,000 pa. There are 3 vacant shops which could obtain a further income of around £15,000 pa.
Please note that unit 2 has already been sold and is no longer available for sale.
Location:
Located in the centre of Consett and close to all local shops, set close to the local bus station and just off the A692. Consett is a town in County Durham, England, about 14 miles (23 km) south-west of Newcastle upon Tyne. It had a population of 27,394 in 2001 and an estimate of 25,812 in 2019.
Buyer’s Premium:
Applies on the fall of the hammer. The purchaser shall pay a 10% deposit. Plus, In addition a buyer’s premium of 2% of the sale price, Subject to a minimum of £5,000 + VAT upon the exchange of contract.
Please feel free to contact our sales and enquires team on 01636 558200 or Email us at sales@nalcgroup.co.uk
When registering to bid with us we will require 2 forms of ID (Passport, Driving License) to fit in line with the Anti Money Laundering regulation act of 2017.