Summary - 10 Newbottle Street, Houghton Le Spring, County Durham, DH4 DH4 4AN
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Freehold retail property, currently vacant
- Located in Houghton-le-Spring’s main retail thoroughfare
- Total area of 668 sq ft (62 sq m) spread over two floors: ground (398 sq ft) and first (270 sq ft)
- Great foot traffic with nearby retailers including Superdrug, McColls, and Greggs
- Estimated Rental Value (ERV) of £7,500 p.a., with a Gross Initial Yield (GIY) of 10.00%
- Excellent mobile signal and average broadband speeds for business needs
**Property Summary:**
Seize the opportunity to own a prime piece of retail real estate located at 10 Newbottle Street in Houghton-le-Spring. This versatile space, suitable for various Class E uses, features a conventional storefront layout with generous signage possibilities, ideal for attracting customers in this busy shopping area. Currently vacant, it allows for immediate occupation and customization, making it a blank canvas for your commercial vision.
Positioned among a variety of well-known retailers, the property benefits from significant foot traffic and visibility, ensuring a vibrant shopper environment. Its proximity to local amenities—including bustling pubs, shops, and essential services—enhances convenience for both customers and businesses alike. While the surrounding area exhibits a higher crime rate and moderate levels of deprivation, the established footfall presents a unique investment potential for those looking to tap into a growing neighborhood.
With ample space to tailor the interior to your needs and an attractive ERV, this property promises not only immediate utility but also potential for future rental income. Don't miss your chance to carve out a unique identity in this lively community—properties like this are in demand and won't last long!
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