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73 Medomsley Rd 1,672 sq ft Retail Property Consett DH8 5HJ £215,000 (£128.59/sq ft) 9.20% Net Initial Yield
EXECUTIVE SUMMARY
Property:
73 Medomsley Road - A former carpet shop extending to 1,000 sq.ft. (93 sq.m.) including storage. Currently rented from 1st June 2023 for 5 years on IRI terms.
73a Medomsley Road - A spacious first floor 3 bed flat currently rented at £450 per month. The flat would be available with vacant possession if required.
73 Medomsley Road - A former carpet shop extending to 1,000 sq.ft. (93 sq.m.) including storage. Currently rented from 1st June 2023 for 5 years on IRI terms.
73a Medomsley Road - A spacious first floor 3 bed flat currently rented at £450 per month. The flat would be available with vacant possession if required.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,672 sq ft
Costar Property Class
C
Year Built
1910
Price
£215,000
Price per sq ft
£128.59
Yield
9.20%
NOI
£19,780
Tenancy
Single
Number of Floors
2
Plot ratio
0.19
Total Plot Size
0.20 ac
Frontage
27 ft on Medomsley Road
AMENITIES
- Bus Route
- Corner Lot
- Roller Shutters
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73 Medomsley Rd
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