Church Street, Shildon

Property Sold STC

£265,000

  • Key Information:

Key Features

  • Local retail portfolio comprising 3 shops, 3 flats and 1 house
  • Held over 3 freehold titles
  • Current rent £27,000pax with one vacant unit
  • NIY 9.91% improving to 11.67% on re-letting of vacant unit

Description

Local retail portfolio comprising 3 shops, 3 flats and 1 x house.

The properties are situated in the heart of Shildon town centre amongst a diverse variety of businesses including B&M, Cooperative Funeral Care and Hays Travel amongst a range of other independent businesses.

Gross rents currently received £27,000pax which will increase to £31,800 on the re-letting of one vacant shop unit.

A purchase at the asking price demonstrates a net initial yield of 9.91% improving to 11.67% on re-letting of the vacant shop.

Local retail portfolio comprising 3 shops, 3 flats and 1 x house.

The properties are situated in the heart of Shildon town centre amongst a diverse variety of businesses including B&M, Cooperative Funeral Care and Hays Travel amongst a range of other independent businesses.

Gross rents currently received £27,000pax which will increase to £31,800 on the re-letting of one vacant shop unit.

A purchase at the asking price demonstrates a net initial yield of 9.91% improving to 11.67% on re-letting of the vacant shop.

View Brochure

Location


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