Commercial Property in Pity Me available for sale
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Commercial Properties for Sale near the Pity Me, UK

Commercial Properties for Sale Within 5 miles of the Pity Me, UK

More details for INFINITY PORTFOLIO – Industrial for Sale

INFINITY PORTFOLIO

  • Industrial for Sale
  • £34,970,000
  • 427,189 sq ft
  • 3 Industrial Properties
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More details for Mercantile Rd, Houghton Le Spring - Industrial for Sale

Expert - Mercantile Rd

Houghton Le Spring, DH4 5PH

  • Industrial for Sale
  • £2,852,000
  • 28,813 sq ft
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More details for 57-59 Front St, Chester Le Street - Retail for Sale

57-59 Front St

Chester Le Street, DH3 3DD

  • Retail for Sale
  • £230,000
  • 2,260 sq ft
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More details for 101 Front St, Chester Le Street - Retail for Sale

101 Front St

Chester Le Street, DH3 3BL

  • Retail for Sale
  • £230,000
  • 2,458 sq ft
  • 24 Hour Access

Chester Le Street Retail for Sale - Durham

Investment Consideration: Vacant possession ERV: £25,000 p.a. GIY: 10.87% VAT is NOT applicable to this property Comprises former bank premises arranged over ground and first floor Total area size of 228 sq m (2,458 sq ft) Residential development potential, subject to obtaining the necessary consents. Located within short walk to Chester Le Street train station and Chester Le Street Library Nearby occupiers include Barclays, Post Office, Cardfactory, The Works, Heron Foods and more. Property Description: The property comprises retail premises arranged over ground and first floor, previously operated as a bank. Residential development potential, subject to obtaining the necessary consents. The property provides the following accommodation and dimensions: Ground Floor: Retail 83 sq m (894 sq ft) Ground Floor: Ancillary 45 sq m (488 sq ft) First Floor: Ancillary 100 sq m (1,076 sq ft) Total area size: 228 sq m (2,458 sq ft) Tenancy: The entire property is at present vacant. ERV: £25,000 per annum Location: Chester Le Street also known as Chester, is a market town and civil parish north of the River Wear, England. It is in the district, lieutenancy and historic palatine of Durham and is located 7 miles (11 km) south of Newcastle upon Tyne and 8 miles (13 km) west of Sunderland. The town holds markets Tuesdays, Fridays and Saturdays. The property is located within short walk to Chester Le Street train station and Chester Le Street Library. Nearby occupiers include Barclays, Post Office, Cardfactory, The Works, Heron Foods and more.

Contact:

Blue Alpine Partners Ltd

Property Subtype:

Bank

Date on Market:

30/10/2023

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More details for Drum Rd, Chester Le Street - Industrial for Sale

Drum One - Drum Rd

Chester Le Street, DH2 1AE

  • Industrial for Sale
  • 266,750 sq ft
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More details for Dragonville Retail Park – Retail for Sale, Durham

Dragonville Retail Park

  • Retail for Sale
  • £12,000,000
  • 97,586 sq ft
  • 5 Retail Properties
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FAQs about Commercial Properties For Sale in Pity Me

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How many Commercial Property listings are available for sale in Pity Me?
There are currently 0 Commercial Properties available for sale near Pity Me. These Pity Me Commercial Property listings have an average size of. The largest available listing in Pity Me is. The thriving commercial centre and excellent transport links in Pity Me make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Pity Me?
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 Pity Me 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 Pity Me?
There is a diverse range of commercial properties available in Pity Me to suit various business needs. Pity Me offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 0 Pity Me 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 Pity Me, UK

Market Overview for Commercial Properties in Pity Me

Key information for Commercial Properties investors in Pity Me and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Durham £1,051 71,988 sq ft
Spennymoor £45 3,651 sq ft
Stanley, Durham £37 3,060 sq ft
Sherburn Hill £95 1,976 sq ft

Rental Price Trends in Pity Me

The price per square foot range for Commercial Properties in Pity Me and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Durham £61 £1,051 £9,408
Spennymoor £41 £45 £48
Stanley, Durham £37 £37 £37
Sherburn Hill £95 £95 £95

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Pity Me area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Durham 794 sq ft 71,988 sq ft 427,189 sq ft
Spennymoor 2,183 sq ft 3,651 sq ft 6,368 sq ft
Stanley, Durham 3,060 sq ft 3,060 sq ft 3,060 sq ft
Sherburn Hill 1,976 sq ft 1,976 sq ft 1,976 sq ft
Bowburn 1,206 sq ft 7,302 sq ft 46,200 sq ft

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