News

Iceland Investment Sold by Johnson Tucker

90/91 Bedford Street, North Shields, Tyne & Wear, NE29 6QF

We are very pleased to confirm that in November 2018 Johnson Tucker sold this retail investment in the centre of North Shields entirely let to Iceland Foods Limited. The property sold for £700,000 reflecting a net initial yield of approximately 9.02%.

Situated between Costa Coffee and Co-op Supermarket, the property was ideally located in North Shields town centre in 100% prime pedestrianised section of Bedford Street, opposite the entrance to The Beacon Shopping Centre and 0.1 miles from North Shields Metro Station.

The property is entirely let to Iceland Foods Limited until 12th September 2022 at £66,500 per annum on full repairing and insuring terms. Iceland last reported a total turnover of £2,770,500,000 in March 2017.

If you would like more information on this investment sale or any other investments listed on our website please contact Daniel Capobasso on 0191 269 7897 or email danielc@johnsontucker.co.uk. Please feel free to subscribe to our investment property mailing list to receive the latest investment opportunities.