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1 bedroom property for sale

Broadway Circle

Sold by Us £500,000

Property Description

Key features

  • Prominent retail and residential investment
  • 6 shop units with upper floor accommodation
  • 1 mile from Blyth town centre
  • Popular Retail Parade
  • Awaiting EPC Ratings
  • Guide price 500,000

Full description

SITUATION
Located on the corner of Broadway Circle and Princess Louise Road in Blyth. This is predominantly a residential location one mile away from Blyth town centre. There are convenient bus routes and convenient parking for customers.

Blyth is currently benefiting from significant inward investment and is set to host the Tall Ships in 2016. Broadway Circle forms part of a prominent main road and popular residential area within Blyth.

DESCRIPTION
There are 6 retail units within the block each with first floor accommodation. The units form part of a terraced crescent on the Princess Louise junction. Viewing comes highly recommended.

ACCOMMODATION
The parade is leased to 6 different retailers as follows –

Unit 1 Broadway Barbers
Unit 2 Broadway Bakers
Unit 3 Gearbox Autoparts
Unit 4 Broadway Wines
Unit 5 Broadway Hair
Unit 6 Art of Flowers

The units have a combined total rent figure of £42,360 per annum exclusive. All leases are on FRI terms and each unit includes a first floor. Copies of all agreements are available to interested parties. Viewings are recommended.

TERMS
The premises are available by way of freehold with offers in the region of £500,000 subject to the current leases on FRI terms.

This reflects a Net Initial Yield of 8.11% allowing for purchasers costs at 4.49%.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed exclusive of VAT

COSTS
The purchaser will be responsible for their own legal costs. Northumberland County Council require a contribution of 1% of the purchase price towards legal fees and 1% of the purchase price towards surveyors fees.

EPC RATINGS
Awaiting EPC Ratings.

VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.


Listing History

Added on Rightmove:
14 June 2016

Map & Street View

Disclaimer - Property reference 8448. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bradley Hall Chartered Surveyors, Gosforth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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