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Commercial Properties for Sale near the Lanchester, UK

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More details for 73 Medomsley Rd, Consett - Retail for Sale

73 Medomsley Rd

Consett, DH8 5HJ

  • Retail for Sale
  • £215,000
  • 1,672 sq ft

Consett Retail for Sale

Property: 73 Medomsley Road - A former carpet shop extending to 1,000 sq.ft. (93 sq.m.) including storage. Currently rented from 1st June 2023 for 5 years on IRI terms. 73a Medomsley Road - A spacious first floor 3 bed flat currently rented at £450 per month. The flat would be available with vacant possession if required.

Contact:

North East Commercial

Property Subtype:

Shopfront

Date on Market:

03/07/2025
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Commercial Properties for Sale Within 5 miles of the Lanchester, UK

More details for Front St, Consett - Retail for Sale

The Old Co-op Building - Front St

Consett, DH8 7PJ

  • Retail for Sale
  • £700,000
  • 11,041 sq ft

Consett Retail for Sale - Leadgate

*Exceptional Freehold Commercial Investment – West Parade, Leadgate DH8*<br/><br/>A unique opportunity to acquire a substantial freehold commercial property, ideally positioned on the bustling West Parade in Leadgate. Prominently located on the main frontage, close to Consett, this impressive former co-op building stands as a hub of local activity, benefiting from strong footfall and excellent exposure.<br/><br/>Comprising nine individual commercial units across two floors, this investment offers diversity and stability. Eight of the units are currently let on FRI leases to well-established local businesses, including a dance studio, two gyms (one for general fitness and another a dedicated boxing gym), a deli, beauty salon, convenience store, barbershop, and beauty clinic. The ninth unit is in use as a storage facility on a short-term licence, providing additional rental flexibility. The new shop fronts present a modern and inviting aspect, ensuring excellent kerb appeal for both tenants and their clientele.<br/><br/>The property generates a combined annual rental income of £73,700, presenting an attractive yield of 10.52% at the asking price. Furthermore, scheduled rent reviews as per the lease terms offer future growth potential.<br/><br/>Surrounded by thriving residential neighbourhoods, the property spans a generous area of approximately 1,216.79 sqm, as shown on site outline plans—offering ample space for commercial operations and potential future redevelopment (subject to necessary planning permissions).<br/><br/>This is a rare opportunity to acquire a high-yielding, well-maintained investment with an established tenant base in a busy and rapidly growing part of County Durham.<br/><br/>Viewings are strictly by appointment only. To register interest and discuss this exceptional opportunity further, please contact the office today.

Contact:

Spire Property Group & Consultants

Date on Market:

27/11/2025
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LoopNet UK Co Durham Commercial Properties For Sale in Lanchester, UK

Learn More About Investing in Commercial Properties

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FAQs about Commercial Properties For Sale in Lanchester

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How many Commercial Property listings are available for sale in Lanchester?
There are currently 3 Commercial Properties available for sale near Lanchester. These Lanchester Commercial Property listings have an average size of. The largest available listing in Lanchester is. The thriving commercial centre and excellent transport links in Lanchester make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Lanchester?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Lanchester currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Lanchester?
There is a diverse range of commercial properties available in Lanchester to suit various business needs. Lanchester offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 3 Lanchester commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Lanchester, UK

You searched for commercial property for sale in Lanchester. Explore 3 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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