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81-85 Front St 2,094 sq ft Retail Property Chester Le Street DH3 3AJ £175,000 (£83.57/sq ft) 14% Net Initial Yield


INVESTMENT HIGHLIGHTS
- High yielding retail investment let to Lloyds Bank
- Prominent High Street location
- On a 10 year lease expiring 31 October 2028 at £25,000 pa
EXECUTIVE SUMMARY
High yielding retail investment let to Lloyds Bank and occupying a prominent High Street position. Arranged across ground and first floors, the property is fully let to Lloyds Bank Plc on a 10 year lease expiring 31/10/2028 and producing £25,000 per annum. The property benefits from a rear yard and the tenant also occupies the adjacent unit.
The property benefits from a prominent frontage to Front Street, the principal retail amenity in the town. The street is characterised by a mix of local and national tenants including Costa, Specsavers and Boots. There is also a large Morrisons supermarket to the rear of the property
The property benefits from a prominent frontage to Front Street, the principal retail amenity in the town. The street is characterised by a mix of local and national tenants including Costa, Specsavers and Boots. There is also a large Morrisons supermarket to the rear of the property
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Property Size
2,094 sq ft
Year Built
1950
Price
£175,000
Price per sq ft
£83.57
Yield
14%
NOI
£24,500
Tenancy
Single
Number of Floors
1
Plot ratio
1.20
Total Plot Size
0.04 ac
Frontage
33 ft on Front Street
AMENITIES
- Banking
1 1
NEARBY MAJOR RETAILERS
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81-85 Front St
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