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
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.
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.
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.
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