Retail in DH4

Newbottle Street, Houghton Le Spring, Tyne and Wear, DH4 4AJ

Brochure

Tenure: Freehold

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Starting bid£90,000

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Key Information

Parking: Allocated

Property features

Investment opportunity
Freehold Title
Ground Floor Barbers
First Floor Hairdressers
Generating Approximately £12,548 per annum
Prime Commercial Location
Great Transport Links

Retail in DH4

**For Sale via Secure Sale Online Bidding – Terms and Conditions Apply**

**Fully Let Mixed-Use Investment Producing £13,548 Per Annum (Approx. 13.55% Gross Yield)**

We are delighted to present this excellent mixed-use investment opportunity, prominently positioned on Newbottle Street in the heart of Houghton-le-Spring. Offered for sale via Secure Sale online bidding, this fully let property provides an attractive, income-producing investment with established tenants and immediate rental income from completion.

The property comprises two self-contained commercial units, both occupied by long-standing businesses. The ground floor is let to a Barbers, generating an annual rental income of **£7,308**, while the first floor is occupied by a hairdressers, producing **£6,240** per annum. Together, the property generates a total annual rental income of **£13,548**, representing an attractive gross yield of approximately **13.55%**.

The ground floor accommodation benefits from a dedicated **kitchenette and WC**, while the **basement provides useful storage space** for the commercial premises. Externally, the property also benefits from a **fenced rear yard**, offering secure outside space.

An additional benefit of the sale is that the **fixtures and fittings within the first-floor premises are owned by the current vendor and will be included in the sale**, providing the purchaser with ownership of these items upon completion and adding further value to the investment.

Situated within a busy commercial parade, the property enjoys excellent visibility and strong pedestrian footfall, surrounded by a variety of established retailers, cafés and local businesses. Houghton-le-Spring benefits from excellent transport links via the A690, A19 and A1(M), providing convenient access to Sunderland, Durham and the wider North East, making it an attractive location for both businesses and investors.

This represents an excellent opportunity for investors seeking a fully occupied commercial asset with secure rental income, established tenants and strong investment returns.

**Investment Summary**

* Fully let mixed-use commercial investment.
* Annual rental income:

* (Ground Floor): £7,308 per annum**
* (First Floor): £6,240 per annum**
*Total Rental Income: £13,548 per annum**
* Approximate gross yield of **13.55%**.
* Two long-established commercial tenants.
* Ground floor benefits from a kitchenette and separate WC.
* Basement providing useful storage space.
* Secure fenced rear yard.
* First-floor fixtures and fittings are included in the sale and will transfer to the purchaser upon completion.
* Offered for sale via Secure Sale online bidding – terms and conditions apply.

Location

The subject premises is set within Newbottle Street, Houghton le Spring. Newbottle Street is the primary retail and business centre within the area serving a sizeable local resident population and surrounding areas. The area is found off the A690 between Durham City and Sunderland and between the A1 and A19. Specifically, access to the subject premises is located adjacent to the car park to the rear of Newbottle Street.

Tenure

Freehold. Title number TY141200.

Rateable value

Current rateable value for 102 is £6,800 (1 April 2026 to present). Sourced from VOA. Current rateable value for 102a is £4,950 (1 April 2026 to present). Sourced from VOA.

EPC

Available upon request. (EPC rating for both is C).

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial.ne@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

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%, subject to a minimum £4000 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 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.

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 £750,001 - £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.

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