Summary - 53-57 Whitworth Terrace,SPENNYMOOR,DL16 7LF DL16 7LF
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Large mixed-use commercial property for sale at £595,000
- Total area of 14,600 sq.ft, including key tenant: One Stop (2,500 sq.ft) on a 10-year lease
- Additional occupied Tanning Salon (636 sq.ft) with established business history
- Extensive vacant spaces: 1,200 sq.ft retail unit, 1,000 sq.ft retail unit, and 8,000-9,000 sq.ft warehouse
- Large under-utilized car park at the rear
- Solid potential for renovation or repurposing under retail class usage
**Overview:**
This expansive commercial property in Spennymoor presents a remarkable investment opportunity with a 10-year already established tenancy from One Stop Convenience Store and a long-standing tanning salon occupant. With a total of 14,600 sq.ft and ample parking, the property can effectively serve various retail interests or adapt to future needs with appropriate planning permissions.
Although the majority of the space is vacant, it offers significant development potential for those looking to expand their portfolio, whether through leasing to new tenants or personal use. The area's industrious transitions and convenient location near Whitworth Academy make it an attractive prospect for families and business owners alike.
However, potential buyers should consider that the property requires comprehensive planning for any changes in utilization, and while there are no immediate red flags regarding the structure or condition, due diligence is recommended to understand local regulations clearly. This property, being chain-free and with a long lease on the current tenant, is positioned as a unique opportunity to secure a robust asset in a growing locality.
Don’t miss out on this rare offering that combines rental income and future potential!
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