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Fixed price
£195,000
Land for sale
Front Street, Chester-Le-Street, County Durham DH3Local area information
Property location
Nearby amenities
- Cestria Primary School 0.1 miles
- Park View School 0.2 miles
- Chester-le-Street 0.2 miles
- Durham 5.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Chester Le Street to find out more about the local area.
Features and description
Front Street, Chester-Le-Street, County Durham Dh3
High yielding retail investment let to Lloyds Bank and occupying a prominent High Street position. Arranged across ground and first floors, the property is fully let to Lloyds Bank Plc on a 10 year lease expiring 31/10/2028 and producing £25,000 per annum. The property benefits from a rear yard and the tenant also occupies the adjacent unit.
The property benefits from a prominent frontage to Front Street, the principal retail amenity in the town. The street is characterised by a mix of local and national tenants including Costa, Specsavers and Boots. There is also a large Morrisons supermarket to the rear of the property.
Area:
1,777 sq ft (165.17 sq m)
Tenancy:
The property is fully let to Lloyds Bank Plc on a 10 year full repairing and insuring lease expiring 31st October 2028 and producing £25,000 pa.
Terms: Available freehold at £195,000 subject to the tenancy detailed above and producing a gross initial yield of 12.54%.
High yielding retail investment let to Lloyds Bank and occupying a prominent High Street position. Arranged across ground and first floors, the property is fully let to Lloyds Bank Plc on a 10 year lease expiring 31/10/2028 and producing £25,000 per annum. The property benefits from a rear yard and the tenant also occupies the adjacent unit.
The property benefits from a prominent frontage to Front Street, the principal retail amenity in the town. The street is characterised by a mix of local and national tenants including Costa, Specsavers and Boots. There is also a large Morrisons supermarket to the rear of the property.
Area:
1,777 sq ft (165.17 sq m)
Tenancy:
The property is fully let to Lloyds Bank Plc on a 10 year full repairing and insuring lease expiring 31st October 2028 and producing £25,000 pa.
Terms: Available freehold at £195,000 subject to the tenancy detailed above and producing a gross initial yield of 12.54%.
More information
Listed by
Claridges Commercial
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