Property for sale

Manchester House, Commercial Street

£120,000

Property Description

Key features

  • Tenant is Part of a National Pharmacy Chain
  • Adjacent to Brandon Lane Surgery
  • Annual Rental Income of 80,000 until 2023 on FRI terms
  • On Street Car Parking Available
  • Open Sales Area of 47.8 sq m (514 sq ft)
  • Dispensary and Internal Storage of 27.7 sq m (298 sq ft)

Full description

SITUATIONBrandon is County Durham village located approximately 3miles South West of Durham City Centre. Brandon benefits fromgood public transport links and is within close proximity of theA690 Wear Valley to Sunderland road which crosses the A167(former Great North Road) at Nevilles Cross and also links ontothe A1(M) Motorway at Carrville.DESCRIPTIONThe subject property comprises a single storey, end terrace,retail unit of traditional brick construction under a flat felt roof.The property benefits from uPVC double glazing throughoutas well as mechanical roller shutter doors to all windows anddoors.Internally the unit provides 48 m2 (517 f2 ) of open sales solidtogether with a 28 m2 (301 f2 ) dispensary/internal storageroom and a small consulting room. The property hasconcrete floors, suspended ceilings with fluorescent striplighting throughout.TENANCYThe property was let in June 2008 on a 15 year full repairingand insuring lease at an annual rent of £8,000 per annum and issubject to 5 yearly upward only rent reviews.TENANT PROFILELloyds Pharmacy is a leading community pharmacy andhealthcare provider with over 1,650 pharmacies across theUK, mainly in community and health centre locations. Lloydsemploy approximately 17,000 staff and dispense over 150million prescription items every year. In 2010 LloydsPharmacy had a turnover of £1.8 billion.Further information can be found on the company website athttp://www.lloydspharmacy.com/ASKING PRICEOur client is seeking offers in the region of £120,000 for thebenefit of their freehold interest.RATING ASSESSMENTWe understand that the rating assessments on the premises asat 1 April 2010 is as follows, although we would advise thatsome assessments may have been the subject of appeals andany interested party should confirm the current position with theLocal Authority.Description RV UBRShop & Premises £3,500 47.1pENERGY PERFORMANCEAwaiting EPC rating.LEGAL COSTSEach party is to bear their own legal costs involved in thetransaction.VATAll rents, premiums and purchase prices quoted herein areexclusive of VAT. All offers are to be made to Bradley Hallupon this basis, and where silent, offers will be deemed netof VAT.


Listing History

Added on Rightmove:
06 February 2015

Nearest station

  • Durham (2.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Bradley Hall Chartered Surveyors, Newcastle upon Tyne - Commercial

1 Hood Street Newcastle Upon Tyne NE1 6JQ

0191 687 0029 Local call rate

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Nearest station

  • Durham (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bradley Hall Chartered Surveyors, Newcastle upon Tyne - Commercial

1 Hood Street Newcastle Upon Tyne NE1 6JQ

0191 687 0029 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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