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Recently constructed neighbourhood retail parade with undoubted covenants


£2,250,000 (5.95% NIY)

10,501 sq ft


Secure tenant mix of Co-op, Montane, Cooplands & Osprey

  • Located in Ashington, Northumberland with existing population of 28,000 (c2021) and wider County population of 319,000 (c2021)

  • Within a densely populated residential location, close to nearby schools, Ashington town centre, leisure centre, football club and Wansbeck General Hospital

  • The property comprises a new build retail parade with 45 car parking spaces, of which 8 are under offer to Osprey Charging Network

  • The building is prominently positioned on a busy main road alongside a new build housing estate of 259 units developed by Bellway

  • The property is split into three units and entirely let to undoubted covenants of Co-op, Montane, Cooplands and under offer to Osprey Charging Network

  • Total income of £142,360 per annum

  • WAULT of 8.95 years to breaks and 12.26 years to

    lease ends

  • Index linked rent reviews on over 62% of the income

  • Over 47% of the annual income is from Co-operative Group Food Limited with lease expiry in 2036 (without breaks)

We are instructed to seek offers in excess of £2,250,000 (exclusive of VAT), reflecting a net initial yield of 5.95% and a reversionary yield of 6.40%* assuming standard purchasers costs of 6.33%.

Property Details

Location Details

Ashington, Northumberland



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An outstanding opportunity

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