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10-12 High St 1,227 sq ft Retail Property Ferryhill DL17 9HR £100,000 (£81.50/sq ft)



Investment Highlights
- Prominent High Street location
- Potential for alternative uses or redevelopment (subject to consents)
- Refurbished apartment accommodation
Executive Summary
A rare opportunity to acquire a fully vacant freehold mixed-use property in the centre of West Cornforth. The property extends to approximately 114 sq m (1,227 sq ft) and comprises a former takeaway/commercial premises at ground floor level together with a self-contained two-bedroom apartment above. The retail unit benefits from a prominent High Street frontage, customer seating area, commercial kitchen, storage areas, WC facilities and rear service yard. The first-floor flat has independent access and has been refurbished in recent years, providing immediate occupation or letting potential. The asset offers flexibility for a range of commercial, residential or mixed-use strategies, subject to obtaining any necessary consents.
Property Facts
Sale Type
Investment or Owner Occupier
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,227 sq ft
Costar Property Class
C
Year Built
1950
Price
£100,000
Price per sq ft
£81.50
Tenancy
Single
Number of Floors
2
Plot ratio
1.41
Total Plot Size
0.02 ac
Frontage
22 ft on High Street
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10-12 High St
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