26 Church Street, Shildon, County Durham, DL4

Investment Consideration:
Gross Initial Yield: 8.62%
Rental Income: £4,740 p.a.
VAT is NOT applicable to this property
Comprises ground floor restaurant with ancillary accommodation on first floor
Occupiers nearby include Ladbrokes, Post Office, Pharmacy, Restaurants and more.

Property Description:
The property comprises ground floor restaurant and ancillary accommodation on the first floor, providing the following accommodation and dimensions:
Ground Floor: 64.66 sq m (696 sq ft)
Open plan restaurant and kitchen
First Floor: 29.17 sq m (314 sq ft)
Ancillary, storage
Total Area: 93.83 sq m (1,010 sq ft)

Tenancy:
The property is at present let to an Individual from 19th April 2021 to 30th April 2026 at a current rent of £4,740 p.a. and the lease contains full repairing and insuring covenants..

Location:
Shildon is a town in County Durham, North East England, located about 2 miles south-east of Bishop Auckland, 11 miles north of Darlington and 13 miles from the City of Durham. It has strong links to the region’s railway heritage, being home to the Locomotion Museum and Hackworth Park, and is part of the Bishop Auckland parliamentary constituency. Shildon railway station lies on the Tees Valley Line between Bishop Auckland and Darlington, providing rail connections, while road access includes the nearby A6072 and junction 60 of the A1(M) around 7 miles away. Occupiers nearby include Ladbrokes, Pharmacy, the Post Office, Restaurants and more.