Location

The property is located in the town centre of Blyth, Northumberland, approximately 14 miles to the north of Newcastle upon Tyne, 10 miles south of Morpeth and 9 miles to the south of Ashington.

Blyth is Northumberland's biggest town with just over 40,000 people and benefits from excellent regional road connections. The nearby A189 spine road provides direct access to the A19 the south, which in turn connects to the A1(M).

The stand-alone property is located in a densely populated residential location on Bowes Street in Blyth's vibrant central-retail core, adjacent to the Blyth Hospital as well as the large Morrisons supermarket with a circa 300 space car park (free to use for up to 3 hours).

In addition to Morrisons there are ample free to use car parks outside the property.

Description

The property comprises a detached steel portal-framed unit with brick elevations beneath a flat roof. The accommodation is predominantly arranged at ground floor level, providing a sales area with rear stores, offices, and staff amenities. In addition, there is a small first-floor area to the rear providing further staff amenity areas.

The ancillary staff accommodation includes multiple offices and a training room at ground floor level, with a staff break room, kitchenette, and WC facilities located on the first floor. The first-floor benefits from disabled lift access.

The rear ground floor stores area is served by a roller-shutter loading door measuring 2.36 m high by 2.66 m wide, which opens onto a private, secure loading yard.
Internal property specification includes tiled flooring, suspended ceilings incorporating fluorescent strip lighting, air conditioning, and CCTV.

Both the interior and exterior of the property have been comprehensively refurbished by the tenant. Externally the tenant has recently completed roof improvement works, funded by the landlord, at a cost of approximately £50,000.

Tenure Comments

Freehold.

The whole property is let to W. Boyes & Co. Limited (Co No: 00066251) on Full Repairing and Insuring terms for a 10-year term, expiring on 15th July 2034 with a tenant only break option in July 2030. There is an open market rent review at the 5th anniversary.

The passing rent is an extremely low £100,000 per annum (£4.66 psf).

The property was previously occupied by Wilkinsons prior to their collapse in 2023. We understand that at the time the store traded in the top quartile (85/420) in the UK in terms of profitability.

Unsurprisingly we further understand that Boyes are trading profitably from the store.