Top Floor Unit, Boxing Gym, Trafalgar Street, Consett, County Durham, DH8 5AP –
PART COMMERCIAL PREMISES WITH INVESTMENT INCOME
An ideal investment opportunity to buy a unit in a shopping arcade which fully consists of 10 shops, 7 of which are obtaining a current rental income of around £25,000 pa. This unit is currently being used as a well-established boxing gym which comprises of the areas marked on the plans shown in red. The property is currently occupied on a license at £12,000 per annum exclusive of VAT.
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 £5000 + VAT upon the exchange of contract.
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