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, DH3 3TS

Retail for sale

£840,000
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Total price
SOA
Space

MIXED USE INVESTEMMENT - CHESTER LE STREET

Multi let investment property with strong tenant mix

Four retail tenants including Domino's Pizza plus 7 office suites occupied by 5 different occupiers

Property fully let

Total rental income £80,115 per annum rising to £84,040 in 2020

Established and popular edge of town location, opposite the market place and close to Tesco Superstore

We are instructed to seek offers in excess of £840,000

A sale at this level reflects a net initial yield of 9% rising to 9.5% in 2020 after allowing for usual purchasers costs

LOCATION

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 is situated on North Burns, at the northern end of Front Street.

Ample car parking is found to the front and rear of the property.

DESCRIPTION

The property comprises a substantial detached two storey building with retail units to the ground floor and multi let offices to the first floor

Listed Features

  • General Retail
  • Multiple floors
  • Office
  • Use Class - A1
  • Parking
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