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Express Interest in this Property

Consented Development Opportunity Anchored to One Stop

The Eagle, Albion Way, Blyth NE24 5BJ, UK

Basic Facts

Property ID: 18031 Post Updated: 2024-03-19 14:46:33
Tenure: Freehold Area: 9968 sq ft
Gross Rent: £ 42,000 Lease Term: 15 years with break at 10
VAT applicable: Yes

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.


Features

Freehold
Lease term: 10 - 15 years
Vacant
With Planning

View on Map

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