Former public house/development opportunity for sale.
The exising building could be retained and refurbished, extended or demolished in order to progress an alternative scheme. Potential uses (subject to planning) include residential, retail/convenience or leisure.
Location
The property is situated in the heart of the Village on Church Street, the main road, linking Hetton-le-Hole and Easington Lane to the west with the A19 and the port of Seaham to the East.
The site has a prominent main road position, at the bottom of Woods Terrace, the original neighbourhood retail area, which is semi pedestrianised and has restricted access.
The new 1 million sf Jade Business Park, estimated to create 2,500 on site jobs, also lies within 1,000m to the south, with easy pedestrian access and where phase 1 of 155,000 sq ft is already open and trading with Sumitomo Electric Wiring and Corehaus in occupation.
Accommodation
The plot extends approximately 0.27 acres with an existing building (former public house) of approximately 464.52 sq m (5,000 sq ft) over ground and first floor.
Terms
Tenure - the site is to be sold Freehold with vacant possession
Terms - We are instructed to seek offers in excess of £225,000
Rating Assessment - We understand that the premises have a rateable value of £3,200 effective from 1st April 2017/
Energy Performance - Awaiting EPC
Legal Costs - Each party to be responsible for their own costs incurred in this transaction.
VAT - All rents, premiums and purchase prices quote herein are exclusive of VAT.
Specification
- Excellent Development Opportunity (Subject to Planning)
- Site Area c. 0.27 Acres (1,093 sq m)
- Existing Building Approximately 464.52sq m (5,000 sq ft)
- Prominent Main Road Position
- Adjacent to New 4,500 sq ft Purpose Built Co-op Convenience Store
- Freehold Offers Over £225,000