Consented Development Opportunity Anchored to One Stop

Property Description

• Freehold Consented site with planning for 5 retail units
• Planning approved for change of use from a public house to a convenience shop and 4 flexible use claass units
• Convenince store prelet to One Stop Stores Limited, on a FRI lease of 15 years with tenant break at year 10
• Initial rent of £42,000 p.a. with open market rent reviews every 5th year.
  • Unit 1 (3,154 sq ft) – Convenience store pre let to One Stop Stores Limited
  • Unit 2 (1,050 sq ft) – Flexible use class E(a) shop or class E(b) cafe / restaurant
  • Unit 3 (2,420 sq ft) – Split Level – Flexible use class E(a) shop or E(c) financial/professional/other services (other than health/medical services) or betting shop (sui generis)
  • Unit 4 (2,344 sq ft) – Split Level – Flexible use class E(a) shop or E(c) financial/professional/other services (other than health/medical services) or betting shop (sui generis)
  • Unit 5 (1,000 sq ft) – Flexible use class E(a) shop or class E(b) cafe / restaurant

• Click to see further information about the consented planning

Location Description

• Blyth is a town located in the county of Northumberland, in the northeast of England, located approximately 13 miles northeast of Newcastle upon Tyne.

• Blyth has a population of around 37,000 people and is known for its sandy beaches, nature reserves, and parks.

• The property is located in a dense residential location, with pedestrianised access around the front and side, and a large rear car park to the rear.