Retail in DH4

North View Terrace, Colliery Row, Houghton Le Spring, Tyne and Wear, DH4 5NN

Brochure

Tenure: Freehold

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Starting bid£80,000

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Key Information

EPC rating: E
Electricity: National Grid
Broadband: ADSL copper wire
Mobile signal: Good
Parking: On Street

Property features

Mixed Use Property
3 Bedroom upper flat
Ground floor retail unit
Desirable location
Planning granted to convert retail unit to residential

Retail in DH4

For sale via secure sale online bidding - terms and conditions apply.

Pattinson estate agents are delighted to bring to the market this versatile freehold property located in the established area of Colliery Row, Houghton Le Spring.
This unique building offers an excellent opportunity for investors, developers, or owner-occupiers, featuring a spacious upper-floor residential flat alongside a ground-floor commercial retail unit with significant development potential.

Property Overview
Upper Floor: Spacious 3-bedroom residential flat.
Ground Floor: Former retail unit with prominent street frontage.
Planning Status: Approved planning permission to convert the ground floor back into a 2 bedroom residential dwelling.
Tenure: Freehold.

Accommodation
Ground Floor Retail Unit
Previously operated as a local retail shop, this space comprises a main sales area, rear storage/preparation rooms, and W.C. facilities. The unit benefits from excellent visibility and a high volume of local passing traffic. Under the current planning approval, this space can be seamlessly converted back into a residential unit, making it ideal for a high-yield dual-income investment or conversion into a large single-family home.

First Floor Flat
A well-proportioned upper flat accessed via a separate entrance. The living accommodation briefly comprises:
Entrance stairwell
Generous living room
Fitted kitchen
Three bedrooms
Family bathroom

Externally
The property benefits from a separate detached garage which has been previously rented out for vehicle storage.

Location
Situated on North View Terrace in Colliery Row, the property is well-positioned within a established residential and commercial pocket of Houghton Le Spring (DH4). It enjoys excellent transport links via the A182 and A690, providing easy access to Sunderland, Durham, and Newcastle city centres. Local amenities, schools, and public transport links are all within walking distance

Viewing Arrangements
Viewing is strictly by appointment only through Pattinson Commercial.
Please contact our Sunderland team to arrange a viewing or to request further details regarding the planning documentation.

Location

The subject property is located along North View Terrace in Houghton-le-Spring. It is close to all local amenities and has excellent transport links. Sunderland City Centre is approximately 8 miles from the property and Newcastle City Centre is situated roughly 14 miles away.

Tenure

Freehold: Title number TY455884.

EPC

Rating D. Available upon request.

Rateable Value

The adopted rateable value is £3,250 as of the 1st April 2023. Sourced from VOA.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Broadband: ADSL copper wire
Mobile signal: Good

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