Mixed Use Investment in Affluent Market Town with planning for additional residential development

INVESTMENT SUMMARY

• Located in the centre of Yarm, an affluent market town on the banks of the River Tees and close to the North Yorkshire Moors

  
  

• The subject property is situated in a prime position in the heart of Yarm on High Street

  
  

• Pay and display parking available immediately outside the building

  
  

• Total floor area of 5,519 sq ft, with 941 sq ft vacant and suitable for redevelopment, subject to planning

• Total passing rent of £67,757 per annum from 7 tenants

  
  

• Opportunities to add value from re-letting or redevelopment of vacant space

  
  

• Strong diversification of income with 53% of the income from commercial occupiers and 47% from residential tenants

  
  

• Strong anchor tenant; 27% of income from Co-op Group Limited with £11.3bn turnover & £161m profits

  
  

• Over the last 7 years the apartments have been 94% fully occupied demonstrating excellent tenant demand and stability

  
  

We are instructed to seek offers in excess of £740,000 (Seven Hundred and Forty Thousand Pounds) exclusive of VAT. A sale at this level reflects a net initial yield of 8.69% assuming standard purchasers’ costs of 5.38%.