Front Street, Chester-Le-Street, County Durham DH3

  Ref 024947    

Front Street, Chester-Le-Street, County Durham DH3

Ref 024947

  • £195,000  

    For Sale

    £195,000  

    For Sale

    • Description

    The property comprises a high yielding retail investment let to Lloyds Bank and occupying a prominent High Street position. Arranged across ground and first floors, the property is fully let to Lloyds Bank Plc on a 10 year lease expiring 31/10/2028 and producing £25,000 per annum. The property benefits from a rear yard and the tenant also occupies the adjacent unit.
    The property benefits from a prominent frontage to Front Street, the principal retail amenity in the town. The street is characterised by a mix of local and national tenants including Costa, Specsavers and Boots. There is also a large Morrisons supermarket to the rear of the property.

    Gallery

    Area

    1,777 sq ft (165.17 sq m)

    Tenancy

    The property is fully let to Lloyds Bank Plc on a 10 year full repairing and insuring lease expiring 31st October 2028 and producing £25,000 pa.

    Terms

    Available freehold at £195,000 subject to the tenancy detailed above and producing a gross initial yield of 12.54%.

    Location

    Situated on a prime position on Front Street near the junction with Wesley Terrace. Local occupiers include Subway, Hays Travel, Card Factory and Savers.

    Book a viewing

    For Sale

    £195,000