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4 West Vw 1,342 SF 100% Leased Retail Building Houghton Le Spring DH4 7HP $121,291 CAD ($90.38 CAD/SF) 6.65% Cap Rate
Investment Highlights
- Long-term tenant in situ
- Popular residential location in Penshaw
- Rateable value of £5,900 from April 2026
- Rent review due October 2026
- Walking distance of Herrington Country Park
- Passing rent of £4,320 per annum
Executive Summary
Freehold retail investment offered with a long-term tenant in situ, currently operating the premises as an off-licence and paying £4,320 per annum. The rent review is due in October 2026. The property is being sold through secure online bidding with a starting bid of £65,000, and the sale is subject to the auctioneer’s terms and conditions. Prospective purchasers should independently verify the tenancy, income, title, property condition, EPC information, and all auction costs before bidding.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
1,342 SF
Building Class
C
Year Built
1900
Price
$121,291 CAD
Price Per SF
$90.38 CAD
Cap Rate
6.65%
NOI
$8,066 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
1.00
Lot Size
0.03 AC
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Nearby Major Retailers
1 of 8
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4 West Vw
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