Freehold Retail Investment
Freehold Retail Investment
The property is situated on the south side of the High Street in the heart of Wooler. The town, often referred to as the ‘Gateway to the Cheviots’ is a popular base for walkers and lies on the edge of the Northumberland National Park. Nearby retailers include Londis and Post Office.
Freehold.
The property is situated on the south side of the High Street in the heart of Wooler. The town, often referred to as the ‘Gateway to the Cheviots’ is a popular base for walkers and lies on the edge of the Northumberland National Park. Nearby retailers include Londis and Post Office.
Freehold.
The property comprises ground floor retail accommodation and first floor upper part ancillary accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail accommodation and first floor upper part ancillary accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
340.2 sq m 190.6 sq m |
(3,661.9 sq ft) (2,051 sq ft) |
THE CO-OPERATIVE GROUP LIMITED (1) |
25 years from 01/03/1999 until 2024 on a full repairing and insuring lease |
£12,500 |
01/03/2014 |
| Totals | 530.8 sq m |
(5,713.5 sq ft) |
£12,500 | ||||
1) The Co-Operative Group Limited operates from 4,800 retail outlets in the UK (www.co-operative.coop). For the year ending 31st December 2011, The Co-Operative Group Limited reported a turnover of £12,318,000,000, pre-tax profits of £231,000,000 and a total net worth of £3,501,000,000. (Source: www.riskdisk.com 13/06/2013)
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