Investment & Financial services for sale in Durham City

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Freehold High Street Investment Stockton On Tees For Sale

Durham City, Durham, England

  • Freehold Price: £350,000
Seller Reference: 3331
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Business Description
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Seller Reference: 3331
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Business Description
Town Centre Freehold Shop Investment on a prominent High Street location, The property is located opposite Woolworths and Barclays Bank and nearby occupiers include Dawson and Sanderson, Travel Care, Greegs, McDonalds and Natwest Bank. The entire property is let to Ladbrokes Limited for 15 years from 1st November 2002 on FRI terms for a rental income of £23,000. Offers are invited in excess of £350,000 that gives you a gross return of 6.57% and a net return of 6.27% after considering buying costs of approximately 4.75%. There is a break clause in 2007 and every 2.5 years thereafter
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