Background
This is an investment property comprising three separate retail elements with three modern two bedroom flats above. The property has dual frontage onto Dean Terrace and Lane Head in the heart of the village centre.
The property previously traded as Ryton Hotel before being converted to a high standard in 2020.
Description
A two-storey detached property of traditional red brick construction, part rendered with a pitched roof over.
Unit 1 Lane Head
A ground floor retail unit trading as a Hair Salon occupied by Elizabeth Graham.
Rateable Value £2,900
Unit 2 Lane Head
A ground floor retail unit trading as a coffee shop and occupied by YFH Ltd.
Rateable Value £2,850
Unit 3 Lane Head
A ground floor retail unit used as an aesthetics clinic and occupied by Aileen Bush.
Rateable Value £2,950
Residential Accommodation
1 Lane Head Apartments (circa 69 sq.m.).
Comprises a luxury 2 bed flat.
2 Lane Head Apartments (circa 75 sq.m.).
Comprises a luxury 2 bed flat.
3 Lane Head Apartments (circa 65 sq.m.).
Comprises a luxury 2 bed flat.
External
Car Park 1 designated space per flat.
Legal Costs
Each party to be responsible for their own legal costs in the transaction.
VAT
VAT will be payable on the commercial element.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
