Summary - 29 South Street,Newbottle,HOUGHTON LE SPRING,DH4 4EH DH4 4EH
1 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use investment: Two ground floor retail units and two flats
- Current rental income: £30,600 per annum
- Impressive rental yield: 11.13% based on asking price
- Total net internal area: 222 sq. m. (2,394 sq. ft.)
- Private off-street parking
- Tenanted units providing immediate rental cash flow
- Traditional stone facade adds character
**Summary Description:**
Explore a lucrative investment opportunity in Newbottle, Houghton-le-Spring with this mixed-use property combining two retail units and two residential flats. Currently producing a solid rental income of £30,600 per year, this asset offers investors a compelling yield of 11.13% on the asking price of £275,000. Spanning an extensive 222 sq. m. (2,394 sq. ft.) and featuring private off-street parking, this property caters to both commercial and residential tenants, making it an attractive option for first-time investors or those looking to expand their portfolio.
The traditional stone facade enhances the property’s aesthetic appeal, while its location within a vibrant community provides easy access to local amenities including schools, eateries, and public transport. However, potential investors should be aware of the above-average crime rate and some general maintenance considerations recognized in the existing unit conditions. With all units currently tenanted, this property is ready to generate income from day one, presenting an exciting opportunity for those looking to capitalize on the growing demand in the area. Don’t miss out on this exceptional investment choice!
High street retail property for sale in 10 Newbottle Street, Houghton Le Spring, County Durham, DH4 — £75,000 • 1 bed • 1 bath • 668 ft²
3 bedroom end of terrace house for sale in Morton Crescent, Fencehouses, Houghton Le Spring, Tyne and Wear, DH4 — £180,000 • 3 bed • 1 bath • 2582 ft²
High street retail property for sale in West Lea, New Herrington, Houghton Le Spring, Tyne and Wear, DH4 4LH, DH4 — £85,000 • 1 bed • 1 bath • 1076 ft²
High street retail property for sale in 222 Westgate Road, Newcastle Upon Tyne, NE4 6AE, NE4 — £405,000 • 1 bed • 1 bath • 2000 ft²
High street retail property for sale in Front Street, Hetton-le-Hole, Houghton Le Spring, Tyne and Wear, DH5 9PF, DH5 — £360,000 • 1 bed • 1 bath
2 bedroom terraced house for sale in South Burns, Chester-le-Street, DH3 — £95,000 • 2 bed • 1 bath
