11-11a Station Road, Ashington

The property comprises a high yielding, multi-let, retail investment occupying a prominent pitch on a pedestrianised street and offering both secure income and asset management potential.

Arranged across ground, first and second floors, the property is let to Subway and Totally Wicked, both long standing tenants of 10+ years, producing a total income of £21,392 per annum.

No. 11 comprises a ground floor retail unit and is let to Totally Wicked on a recently renewed 5 year lease expiring 25th January 2030 and paying £10,392 per annum.

No. 11A comprises a ground floor retail unit and all upper parts of the property and is let to Subway on a 10 year lease at £11,000 per annum. The lease expired in 2023 but we understand the tenant is continuing to occupy the premises and pay rent and is therefore holding over.
We consider the property offers secure income via the renewed lease on No.11, but also benefits from asset management potential via renewal of the lease to Subway.

Station Road is the principal retail amenity of Ashington and is predominantly pedestrianised. Local occupiers include Heron Foods, Superdrug, New Look, Boots and Iceland with an Asda Superstore in close proximity.