Sold
Neighbourhood retail parade investment with undoubted covenants including Co-op sold
Price:
Undisclosed
10,501
We are incredibly pleased to have sold a multi-let retail investment entirely let to the undoubted covenants of Co-op, Montane, Cooplands and Osprey Charging Network. The property was recently constructed providing just over 10,000 sq ft of retail accommodation plus 45 car parking spaces.
The building is prominently location in Ashington, Northumberland within a densely populated residential location, close to nearby schools, Ashington town centre, leisure centre, football club and Wansbeck General Hospital. The building is prominently positioned on a busy main road alongside a new build housing estate of 259 units developed by Bellway
Over 47% of the annual income is from Co-operative Group Food Limited with lease expiry in 2036 (without breaks). The investment provides a WAULT of 8.95 years to breaks and 12.26 years to lease ends and a combined rental income of £142,630 per annum, showing long-term income for the new owner.
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Property Details
Location Details
Ashington, Northumberland
Sector
Retail, EV, Food Store
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