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33 Front St

620 SF 100% Leased Retail Building Consett DH3 7SB $107,278 ($173/SF) 10% Cap Rate

Retail Space Co Durham Consett 33 Front St, Consett, DUR DH3 7SB

Investment Highlights

  • Daytime Foot Traffic
  • Display WIndows
  • Natural Light
  • Access via A692

Executive Summary

The property is for sale by way of a 999 year lease from the 1st September 2011 and benefits from a five year occupational lease from the 25th March 2024. The property is let on full repairing and insuring terms to Ladbrokes Betting and Gaming Ltd at a rent of £8,200 per annum with a tenant only break option on the 24th March 2027.
620 Sq Ft (57 Sq M)
£85,000 for the long leashold interest

Attachments

33 Front Street Leadgate Particulars

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
620 SF
Building Class
C
Year Built
1950
Price
$107,278
Price Per SF
$173
Cap Rate
10%
NOI
$10,728
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.04 AC
Frontage
19 FT on Front Street

Links

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Nearby Major Retailers

Co-op Food
Morrisons
Lidl
Iceland
Barclays
Lloyds Bank plc
+44 191 211 1561

Contact

  • Listing ID: 33295550

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 33 Front St, Consett DH3 7SB

The Retail Property at 33 Front St, Consett, DH3 7SB is currently available for sale. Contact Naylors Gavin Black for more information.

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33 Front St
+44 191 211 1561 x

33 Front St

Fergus Laird

+44 191 211 1561

+44 191 211 1561

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