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Just added
Auction
Freehold
Guide price
£500,000
Industrial for sale
Herrington Burn House, Herrington Burn, Houghton Le Spring, County Durham DH4Local area information
Property location
Nearby amenities
- Shiney Row Primary School 0.2 miles
- Barnwell Academy 0.5 miles
- Chester-le-Street 3.7 miles
- Sunderland 5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
For sale by auction on Tuesday, 09 Sep 2025 at 12:00
Venue: Live Stream
Commercial Investment Opportunity
Currently Part Let and Achieving £77,000 Per Annum.
Potential To Generate 100K+ With Uplifts and Last Unit Let.
Immediate Income. Immediate Growth. Immediate Opportunity
A Rare 18% Yield in the North East Commercial Market.
Herrington Burn House offers investors a rare opportunity to acquire a well-presented, multi-let commercial property with a strong income profile and significant short-term uplift potential.
The site is currently home to multiple established tenants, producing £77,000 per annum, with only one vacant unit. A prospective occupier has already been identified for this space, which will generate an additional £16,000 per annum once let—boosting the total rental income to £93,000 per annum.
Key Highlights
-Attractive High Yield – 15.4% niy based on current income, rising to 18.6% when fully let
-Diversified Income Stream – multi-let to multiple occupiers, reducing vacancy risk
-Immediate Value Uplift – tenant interest in final vacant unit in early negotiation stages
-Strategic Location – excellent access to Sunderland, Durham, Newcastle and the A1(M)
-Asset Management Potential – scope for rental growth through lease renewals and re-gearing
The Opportunity
With its strong passing rent, immediate reversionary potential, and high yield profile, Herrington Burn House is an ideal acquisition for investors seeking robust returns from day one. The property’s multi-let configuration ensures stable income, while the short-term letting of the remaining unit offers a clear route to enhanced returns.
Additional Fees
Administration Charge - 1.2% inc VAT of the purchase price, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Live Stream
Commercial Investment Opportunity
Currently Part Let and Achieving £77,000 Per Annum.
Potential To Generate 100K+ With Uplifts and Last Unit Let.
Immediate Income. Immediate Growth. Immediate Opportunity
A Rare 18% Yield in the North East Commercial Market.
Herrington Burn House offers investors a rare opportunity to acquire a well-presented, multi-let commercial property with a strong income profile and significant short-term uplift potential.
The site is currently home to multiple established tenants, producing £77,000 per annum, with only one vacant unit. A prospective occupier has already been identified for this space, which will generate an additional £16,000 per annum once let—boosting the total rental income to £93,000 per annum.
Key Highlights
-Attractive High Yield – 15.4% niy based on current income, rising to 18.6% when fully let
-Diversified Income Stream – multi-let to multiple occupiers, reducing vacancy risk
-Immediate Value Uplift – tenant interest in final vacant unit in early negotiation stages
-Strategic Location – excellent access to Sunderland, Durham, Newcastle and the A1(M)
-Asset Management Potential – scope for rental growth through lease renewals and re-gearing
The Opportunity
With its strong passing rent, immediate reversionary potential, and high yield profile, Herrington Burn House is an ideal acquisition for investors seeking robust returns from day one. The property’s multi-let configuration ensures stable income, while the short-term letting of the remaining unit offers a clear route to enhanced returns.
Additional Fees
Administration Charge - 1.2% inc VAT of the purchase price, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Floor plans and tours
Floor plans (4)
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Auction House North East
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