Prime Freehold Retail Investment Opportunity in Busy Ferryhill, County Durham
Ferryhill, County DurhamAsking Price: £210,000
Status:
SOLD
Date Submitted:
27/07/23
Advert ID:
1431
Reference:
BP.00708.UO / Rightbiz
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Business Details
Freehold Retail Investment, County Durham
A Freehold investment property with existing tenants at ground floor, situated in a parade of adjacent businesses on a busy main road, Ferryhill, County Durham.
2 and 2b Parker Terrace, DL17 - Offers Are Considered
The property comprises a pair of self-contained shops situated within a terrace, arranged over ground and first floor level. (income generating at ground floor only)
Tenure - Freehold - *The upstairs is let out on a long term secured lease to an existing occupier at peppercorn rent only.
The two ground floor retail units benefit a total income of £18,000 per annum, both with existing tenant on renewable leases commencing 1st February 2020. Reviews 2027.
The property is located on a main road close to local shops and amenities as well as the local Amazon distribution warehouse situated approximately 4 miles away. Numerous green open spaces exist. Transport links are evident via the A1 (M) motorway. Ferryhill has close proximity to Darlington and Middlesborough within 20 miles.
EPC Rated - C
This investment was viewed and valued by Richard Payne (m) 07415 070 288 who will be happy to discuss the opportunity in further detail.
Key Features
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