Freehold Retail Investment
Freehold Retail Investment
The property is located in a prominent corner position in a densely populated residential area at the junction of Cleveland Road and Hawkeys Lane B1304 – one of the main arterial routes into North Shields centre.
Freehold.
The property is located in a prominent corner position in a densely populated residential area at the junction of Cleveland Road and Hawkeys Lane B1304 – one of the main arterial routes into North Shields centre.
Freehold.
The property comprises a ground floor convenience store and 4 room flat above with separate access.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor convenience store and 4 room flat above with separate access.
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 Residential |
178.50 sq m Not measured |
(1,921 sq ft) Not measured |
CO-OPERATIVE GROUP LIMITED (1) | 25 years from 06/04/1999 until 05/04/2024 | £27,450 | 06/04/2014 (2) |
| Totals | 178.50 sq m |
(1,921 sq ft) |
£27,450 | ||||
(1) Co-Operative Group Ltd operate from over 2,800 foodstores across the UK. (Source: www.co-operativefood.co.uk) For the year ending
31st December 2011, they 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 20/09/2013)
(2) Notice has been served proposing a revised rent at £37,500 per annum.
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