The property is a semi-detached, brick built premises providing retail accommodation on the ground floor and a self-contained 2 bedroom first floor flat known as 39A, accessed from a separate ground floor entrance to the side of the building.
The ground floor is currently laid to provide a large reception area and a number of remembrance rooms and was previously occupied by Co-op Funeralcare. The unit has the benefit of an off-shoot kitchen as well as WC facilities. There is rear yard as well as a small forecourt with room for two vehicles.
The first floor provides one large double bedroom, a single bedroom, lounge/diner, kitchen and utility room.
The property has been refurbished to provide 28 student let bedrooms, which are fully let producing £158,600 per annum (exclusive of bills). The property is very centrally located on St James Street in the city centre.
We are instructed to seek offers in excess of £2.2m for our client’s freehold interest. Alternatively 9, 11 & 13 St James Street can be split and sold separately:
– 9a & b St James Street £995,000
– 11 St James Street £640,000
– 13 St James Street £580,000
The property comprises a mid-terraced four storey building. The property provides a ground floor retail area and on the upper floors is a spacious 6 bedroom flat with reception room, kitchen and 2 bathrooms
Planning permission was granted for the conversion and the building was extensively refurbished in 2014 (Planning Permission Ref. 2014/0709/01/DET).
The ground floor tenant is currently holding over at a rent of £6,000 per annum. Terms of a new lease are currently being negotiated.
The upper floors have been let to a group of PHD students for the academic year 2017/2018 at a rent of £2,210 per calendar month and terms have been verbally agreed for the academic years 2018/2019 and 2019/2020 at £2,236 per calendar month and £2,262 per calendar month respectively.
The total passing rent is therefore currently £32,520 per annum rising to £32,832 per annum next year and £33,144 per annum the year after.
Retail investment for sale producing £25,800 per annum until 31 August 2021
One of the properties has been arranged to provide a nail salon on the ground floor t/a Supreme Nails. The other has been arranged so as to provide a furniture shop. The first floor flat sits above both units, providing 2 or 3 bedrooms
Prominent position on Newgate Street one of the main retail locations in Bishop Auckland
Seeking offers in the region of £240,000 for the freehold interest
The asking price shows an approximate Net Initial Yield of 10.6%.
Entirely let to five tenants, producing a combined income of £89,000 per annum with potential to increase the rent to £92,000 per annum. The property has been under local family ownership for a number of years and is well maintained
Very prominent town centre location on corner of Whitley Road
Close to Park View Shopping Centre and national retailers including Sainsbury’s, Iceland, Greggs, Virgin Money and William Hill, among others
The ground floor has been sub-divided to provide four retail units and there may be an angle to add future value.
Nearby occupiers include Lloyds Bank, Ramsdens, Ladbrokes and Heron Frozen Foods.
6 Nile Street is let to Mr Yalcin t/a a taxi office at a rent of £9,000 per annum for a term of 10 years expiring 10th November 2027.
In close proximity to North Shields Metro Station, the town centre and The Beacon Shopping Centre.
Retail investment currently producing £16,800 per annum and £18,480 per annum from 1 September 2018.
The property investment comprises a mid-terraced brick built property with a pitched slate roof.
The ground floor has been arranged so as to provide a hot food takeaway trading as a fish and chip shop.
Operating as an A5 hot food takeaway t/a as a fish & chip shop.
Prominent position on Newgate Street one of the main retail locations in Bishop Auckland.
The property comprises a mid-terraced brick built property with a pitched slate roof. The first floor provides residential accommodation with 3 bedrooms.
Retail investment currently producing £19,500 per annum.
The property has been arranged as to provide an A5 hot food takeaway on the ground floor t/a as a fish & chip shop named Chilton Chips.
Rental increase to £20,800 per annum from 11 January 2019.
Operating as an A5 hot food takeaway t/a as a fish & chip shop.
Seeking offers in the region of £200,000 for the freehold interest.
The property comprises a mid-terraced building of pre-war construction with external brick walls and a pitched slate roof which has been arranged to provide a restaurant on the ground floor
The property is entirely let to Talviender Singh Dundhal on a 15 year lease from 2 October 2013 therefore expiring on 1 October 2028. The rent is reviewed every 3 years and is linked to the Retail Price Index subject to a minimum uplift of 5%. The passing rent is £16,380 per annum and the minimum uplift in 2020 will be to £17,199 per annum, £18,059 per annum from 2023 and £18,961 per annum from 2026
The restaurant trades as Pedros Peri Grill
Let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a 15 year lease from 7th August 2013
Well based passing rent of £12,000 per annum
Betfred have a turnover of £320,000,000 and profits in excess of £20,000,000
Offers over £160,000 reflecting a net initial yield of 7.36%.
The Property comprises four fully refurbished Grade II Listed Georgian terrace properties. The Property has been sensitively refurbished to comply with Listed Building Consent and provides twelve self-contained apartments with 43 bedrooms.
The property is located a short walk from the new Science Central development as well as Newcastle University’s state of the art Business School on Barrack Road. The property is also very close to the RVI Hospital, Eldon Square Shopping Centre, China Town and The Gate.
We are instructed to seek offers in excess of £4,000,000 for our client’s freehold interest, subject to contract and exclusive of VAT.
Entirely Let to Undoubted Covenant with £433m Turnover. The property comprises a two storey terraced building which is currently occupied as Specsavers and fit out an opticians
The entire property is let to Specsavers Optical Superstores Limited at £18,000 per annum on an unbroken 10 year lease on FRI terms with effect from 25th December 2012, therefore ending on 24th December 2022. The lease benefits from 5 yearly upwards only rent review pattern
We are instructed to seek offers in excess of £195,000 reflecting a net initial yield of approximately 9.02% assuming purchasers costs of 2.26%
Extensively refurbished in 2008/2009 both internally and externally and arranged to provide seven retail and office premises plus secure parking for up to 4 cars within a gated rear yard
The property is prominently position on Newgate Street, close to Morpeth Town Centre, The Sanderson Arcade and Market Place
Other nearby occupiers on Newgate Street include Age UK, Lloyds Bank, Barnados, Subway and Boots, among other national and regional occupiers. Total rent of £61,650 per annum.
Seeking offers in excess of £650,000 reflecting a net initial yield of 9.02%
Multi let office investment occupied by four tenants
With significant potential for residential development with parking for 17 cars.
The total passing rent of £36,315 per annum which increases to £36,815 per annum in June 2017.
WAULT to lease end is 7.84 years (2.33 years to breaks).
Seeking offers in excess of £450,000 reflecting a capital value of £76 psf
Mixed use investment in an expanding Northumberland location
Comprising 10 retail units, a dance studio, 2 garages and 4 flats
Income of £62,610 per annum with 23% secured by The Co-operative Food Group
Seeking offers in excess of £500,000 reflecting a net initial yield of 11.96%
The property comprises a two-storey office building fully let to 3 tenants producing a total combined rent of £37,150 pa
Team Valley is recognised as one of Tyneside’s most strategic office locations on one of the country’s largest business parks and is home to over 700 businesses employing over 20,000 people
There may be add-value opportunities at lease renewal as well as an opportunity to create further office accommodation on the first floor, subject to planning. Scale drawn plans and 3D imagery of a proposed extension are available on request.
We are instructed to seek offers in excess of £500,000 for our client’s long-leasehold interest, subject to contract and exclusive of VAT.
Family owned pharmacy portfolio comprising 8 properties for sale with opportunities to add value
54.06% of the total income secured to Lloyds Pharmacy Limited t/a Lloyds Pharmacy and National Co-operative Chemists Limited
Total combined passing rent of £125,010 per annum, with potential to increase to approx. £134,060 per annum once Eastbourne Gardens is fully let
Seeking offers in excess of £1,200,000 reflecting a net initial yield of approximately 9.83%
Stand-alone retail warehouse and large car park with approx 190 spaces
FRI lease to B&M Retail Ltd at a rent of £288,000 pa (£7.09 per sq ft)
Unbroken 15 year lease with 5 yearly upwards only rent reviews linked to RPI, capped and collared between 4% and 1%
Seeking offers in excess of £4,000,000 reflecting a net initial yield of 6.76%
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