Church Street, Shildon
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Local retail portfolio comprising 3 shops, 3 flats and 1 house
- Held over 3 freehold titles
- Current rent £27,000pax with one vacant unit
- NIY 9.91% improving to 11.67% on re-letting of vacant unit
Description
The properties are situated in the heart of Shildon town centre amongst a diverse variety of businesses including B&M, Cooperative Funeral Care and Hays Travel amongst a range of other independent businesses.
Gross rents currently received £27,000pax which will increase to £31,800 on the re-letting of one vacant shop unit.
A purchase at the asking price demonstrates a net initial yield of 9.91% improving to 11.67% on re-letting of the vacant shop.
Brochures
Church Street, Shildon
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Shildon Station0.6 miles
- Bishop Auckland Station2.1 miles
- Newton Aycliffe Station2.6 miles
Notes
Disclaimer - Property reference 33481653. 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 Carver Commercial Ltd, County Durham. 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.
Map data ©OpenStreetMap contributors.