Northumbria House, Choppington, NE62
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Multi Let Retail Parade
- 4 Self Contained Units
- Total passing rent £34,476
- Net Initial Yield 8.27%
Description
The property comprises of 4 self contained retail units.
Tenancy Schedule:
Term Rent Review Lease Start Lease Expiry
Unit 1 5 years £6,000.00 OMR 01/09/2025 31/08/2030
Unit 2 5 years £6,600.00 OMR 31/07/2030 31/07/2030
Unit 3 5 years £6,600.00 OMR 01/08/2025 31/07/2030
Unit 4 5 Years £6,276.00 OMR 01/08/2025 31/07/2030
Brendalin House / 3 Bedrooms / 01/08/2025 - 31/07/2030
£750pcm / £9,000 per annum.
Total passing income of £34,476 per annum
Offers are invited in the region of £400,000 which reflects a Net Inital Yield of 8.27%
Northumbria House, Choppington, NE62
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ashington Station2.5 miles
- Pegswood Station2.5 miles
- Morpeth Station3.3 miles
Notes
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