28 - 30 Church Street Seaham County Durham SR7 7JQ

28 - 30 Church Street
Seaham
County Durham
SR7 7JQ

Freehold Retail and Office Investment

Prominent position on Church Street
Future development potential on upper floor (subject to consents)
Nearby occupiers include Boots, Co-op Pharmacy and Barnardo’s
Close to Byron Place Shopping Centre
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
89
Auction
22nd October 2015
Rent
£26,500 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Office Investment

Prominent position on Church Street
Future development potential on upper floor (subject to consents)
Nearby occupiers include Boots, Co-op Pharmacy and Barnardo’s
Close to Byron Place Shopping Centre
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 89
Auction 22nd October 2015
Rent £26,500 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 6 miles south of Sunderland, 13 miles east of Durham
Roads: A182, A19
Rail: Seaham Rail Station
Air: Newcastle International Airport

Situation

The property is situated in a prominent location on the southern side of Church Street, an established retail thoroughfare within Seaham town centre. The new Byron Place shopping centre is within a short walk and houses retailers including ASDA, Farmfoods, Peacocks and Greggs. Other nearby occupiers include Boots, Co-op Pharmacy, Barnardo’s and Hays Travel.

Tenure

Freehold.

Location

Miles: 6 miles south of Sunderland, 13 miles east of Durham
Roads: A182, A19
Rail: Seaham Rail Station
Air: Newcastle International Airport

Situation

Tenure

Freehold.

Description

The property comprises two retail units with self-contained office accommodation on the first floor which may have future development potential (subject to consents).

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

No	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reviews
28 Church Street	Ground and First	Retail	133.00 sq m	(1,433 sq ft)	INDIVIDUAL (t/a Nail Fairy)	5 years from 30/07/2015	£9,000 (1)	(29/07/2020)
29-30 Church Street	Ground	Retail	546.00 sq m	(5,878 sq ft)	INDIVIDUALS (t/a Crazy Clearance)	10 years from 09/10/2009 (2)	£17,500	08/09/2014 (3)
29-30 Church Street	First	Office	133.00 sq m	(1,433 sq ft)	VACANT POSSESSION
Totals			812.00 sq m	(8,744 sq ft)			£26,500