We are very pleased to confirm that in December 2020 we acquired this fully let mixed-use investment situated in the centre of Chester le Street. Chester le Street is a busy market town located in County Durham. It is located between Newcastle upon Tyne and Durham on the main east coast mainline railway, and also adjacent to the A1(M) motorway that links Newcastle and the north with Yorkshire and the south.
The property comprises a substantial detached two storey building with retail units to the ground floor and multi let offices to the first floor. The property is fully let and generating a total income of approximately £84,000 per annum.
The property was acquired by investment agent and partner at Johnson Tucker, Daniel Capobasso for a retained private client. The property was purchased for £790,000 reflecting an attractive net initial yield in excess of 10%.
If you would like more information on this sale or any other investments listed on our website please contact Daniel Capobasso on 07968 618 948 or email firstname.lastname@example.org. Please feel free to subscribe to our investment property mailing list to receive the latest investment opportunities.