Fully tenanted investment producing £15,000 per annum income. Offering attractive 8.3% gross yield. Combined floor area approximately 1,094 sq. ft. (101.7 sq. m.). Prominent position on busy Front Street, Lanchester village centre. Ground floor let to established beauty and massage business. First floor occupied by photography studio tenant. On-street parking available nearby within the village centre.
Price £180,000 Freehold
Ref I447
Location:
The unit occupies a prominent position on Front Street, the main thoroughfare running through the attractive and popular village of Lanchester, situated approximately 8 miles west of Durham City and around 5 miles north-east of Consett. Front Street serves as the village’s principal retail and commercial area, hosting a good mix of local independent traders, cafés, convenience stores, and professional services, ensuring steady footfall throughout the day.
Lanchester benefits from strong local amenities including primary and secondary schools, medical and dental practices, and several pubs and restaurants, making it a desirable and self-contained community. The village is well connected by road, with the A691 providing easy access to Durham, Consett, and the wider North East region. Public transport links are excellent, with regular bus services to surrounding towns and the city of Durham.
Description:
An attractive fully tenanted investment opportunity comprising a two-storey mid-terrace sandstone property beneath a pitched slate roof, currently producing a combined rental income of £15,000 per annum.
The ground floor is occupied by the established Defined Beauty & Massage business and extends to approximately 565.5 sq. ft. (52.54 sq. m.), comprising a well-presented retail/salon area together with ancillary storage, kitchen facilities, and W/C accommodation.
The first floor extends to approximately 529.15 sq. ft. (49.16 sq. m.) and is presented to a good standard throughout, currently arranged to provide a reception area, three private offices, kitchen facilities, and W/C accommodation, offering flexible office space suitable for a variety of occupiers.
Parking:
There is on-street parking, within the area.
Price:
£180,000
Yield:
8.3 %
Tenure:
Freehold
Rental income/ Tenant info:
Tenant – Defined Beauty & Massage
Floor Area - 565.5 sq. ft. (52.54 sq. m.)
Rental Income - £9,500 per annum
Tenant – Photography Studio
Floor Area - 529.15 sq. ft. (49.16 sq. m.)
Rental Income - £5,500 per annum
EPC Rating:
C/C
Rateable Value (First Floor):
The 2026 Rating List entry is Rateable Value £5,100
Rateable Value (Ground Floor):
The 2026 Rating List entry is Rateable Value £8,800
