26 Church Street, Shildon
£34.65 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,010 sq ft
94 sq m
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Retail Unit and Upper Parts
- Fully Let to an Indian Restaurant
- Five Year Lease Expiring 18.04.2026
- Asset Management Potential Via Renewal
- Approx. 1,010 sq ft (93.83 sq m)
- VAT-Free Investment
- Investment Let at £4,740 p.a. (13.5% GIY on Guide Price)
Description
Arranged across ground and first floors, the property is let to a private individual tradnig as Red Chilli Indian Restaurant on a five year lease expiring 18.04.2026 and paying £4,740 per annum.
We understand the property has traded as an Indian Restaurant since 2017 and therefore we consider the property offers asset management potential via renewal of the lease and improvement of the annual rent.
The property forms part of a popular local parade fronting Church Street, and forms some of the principal retail amenity within Shildon alongside Main Street. The area is characterised by a mix of local occupiers.
Brochures
26 Church Street, Shildon
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Shildon Station0.6 miles
- Bishop Auckland Station2.0 miles
- Newton Aycliffe Station2.7 miles
Notes
Disclaimer - Property reference ECD3AB09-09CC-4959-ACA4-A30E5CE63B16. 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 Savills, Savills Auctions- Commercial. 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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