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%
18 St Cuthberts Way, Darlington,
County Durham, DL1 1GB
