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Property for sale

Broadway Circle

£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
  • EPC Rating D79
  • Guide price 500,000

Full description

SITUATIONLocated 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. DESCRIPTIONThere 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.ACCOMMODATIONThe parade is leased to 6 different retailers as follows –Unit 1 Broadway BarbersUnit 2 Broadway BakersUnit 3 Gearbox AutopartsUnit 4 Broadway WinesUnit 5 Broadway HairUnit 6 Art of FlowersThe 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.TERMSThe 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%.VATAll 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 VATCOSTSThe 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 RATINGSD79 VIEWINGFor general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.


Listing History

Added on Rightmove:
08 June 2016

Map & Street View

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