Long Leasehold retail investment forming part of a central retail parade anchored by occupiers including Tesco, Farm Foods, McDonalds and Card Factory.
The property comprises a two storey retail premises let to CEX (Franchising) Ltd. for a term of years expiring 20th September 2028. The rent held under the lease is £32,000pax however there is currently a service charge cap reducing the net rent to approximately £28,160.
A purchase at the asking price demonstrates a net initial yield of 8.37% after assuming standard purchasers costs at 3.57%
Long Leasehold retail investment forming part of a central retail parade anchored by occupiers including Tesco, Farm Foods, McDonalds and Card Factory.
The property comprises a two storey retail premises let to CEX (Franchising) Ltd. for a term of years expiring 20th September 2028. The rent held under the lease is £32,000pax however there is currently a service charge cap reducing the net rent to approximately £28,160.
A purchase at the asking price demonstrates a net initial yield of 8.37% after assuming standard purchasers costs at 3.57%
Repayments are calculated by how much you borrow, your lender's interest rate, and the length of your term. Enter a few key details into the repayment calculator to get an estimated monthly payment.
Use the stamp duty calculator to see if you will need to pay stamp duty, and if so, how much it might be. It's important to factor this cost into your budget when considering what you can afford.
Mortgage Finder searches thousands of deals to help find the one that's right for you. Use the filters to tailor your options and take the next step on your mortgage journey with confidence.
18 St Cuthberts Way, Darlington,
County Durham, DL1 1GB
