Summary - West Lea, New Herrington, Houghton Le Spring, Tyne and Wear, DH4 4LH DH4 4LH
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Two-storey mixed-use property with ground floor retail and residential apartment
- Fully tenanted, generating an annual income of £11,100
- Dual freehold titles, providing potential for future flexibility
- Located near Herrington Country Park, enhancing appeal for residential tenants
- Fast broadband and excellent mobile signal
**Concerns:**
- Requires renovation and maintenance; visible wear and tear
- Positioned in an area classified as deprived with social renter demographics
- Auction sale may attract competitive bids, adding urgency
This mixed-use end-terraced property represents a promising investment opportunity. Situated in a prime location near Herrington Country Park, it combines a ground floor retail unit with a residential flat above—both fully tenanted, ensuring a steady income stream of £11,100 annually. The dual freehold titles offer flexibility for future renovation or rental strategies.
However, the property does require some TLC, with noticeable wear and a need for cosmetic updates. As it’s scheduled for an online auction, those interested should act quickly to secure a versatile asset in a developing community. With close proximity to schools and local amenities, this property not only serves as a robust investment but also provides the potential for growth in a transforming area. Don’t miss out on this opportunity to invest in a property with both residential charm and commercial appeal.
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