Summary - 101, FRONT STREET DH3 3BL
1 bed 1 bath Retail Property (high street)
**Key Features:**
- Former bank premises over ground and first floors, totaling 228 sq m (2,458 sq ft)
- Residential development potential (subject to planning consent)
- Located a short walk from Chester Le Street train station
- Nearby occupiers include well-known brands such as Barclays, Post Office, and Cardfactory
- Freehold property with vacant possession and an estimated rental value of £25,000 p.a.
This expansive retail property at 101 Front Street, Chester Le Street, offers a unique investment opportunity with substantial redevelopment potential. The 2,458 sq ft space, previously utilized as a bank, is perfectly positioned in a bustling area frequented by local residents and visitors alike. With excellent transport access and essential amenities nearby, the ground and first floor can serve various commercial purposes while allowing for the possibility of residential conversion with the appropriate consents.
Although the property is currently vacant, this presents a clear slate for immediate business opportunities or innovative redevelopment for those looking to invest in the growing Chester Le Street market. Notably, nearby primary schools have good Ofsted ratings, making it an appealing location for families. Given its competitive pricing at £230,000 and a gross initial yield of 10.87%, don't miss your chance to explore this promising property that could serve as an essential asset in your portfolio. Act quickly, as opportunities like this don’t last long!
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