+44 204 516 5116

Iceland, Houghton-Le-Spring

15 Newbottle St, Houghton le Spring DH4 4AP, UK

Basic Facts
Property
Features
Map

Basic Facts

Property ID: 13626	Post Updated: 2023-06-05 09:49:27
Status: Available	Type: Supermarket
Tenure: Freehold	Area: 1292.70 sq ft
Gross Rent: £ 65,000	Lease Term: 10 years from Mar '21
Lease Term Expiry Date: 21/04/30	Years left on Lease: 6.4

Property Description

Freehold Blue-Chip Supermarket Investment.
The premises comprise an end of terrace retail unit arranged over ground, first and second floors and benefit from a rear loading bay.
The property is situated fronting the main retail thoroughfare of the town where national occupiers including: Superdrug, Savers, Greggs, Ladbrokes, William Hill, Heron Frozen Foods and B&M have representation. The Premises benefit from rear servicing and the free public car park to the rear.

Location Description

Houghton-Le-Spring is a town in the City of Sunderland, Tyne and Wear, North East England.
It is situated almost equidistant between the cathedral city of Durham 7 mile (11 Km) southwest and Sunderland about 7 mile (11 Km) northeast. The town of Seaham and the North Sea lie about 5 mile (8Km) directly east.

Tenancy & Additional Information

Let to Iceland’s Foods Limited on a 10 year FRI from 22nd March 2021 at a current rent of £65,000 p.a. Fixed increase at year 5 to £70,000 p.a.

Features

£1m - £5m

Blue-chip tenant

Customer car parking

Finance available

Suitable for a SIPP

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Guide Price:

£ 1,300,000

Or Call Now +44 204 516 5116

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Prideview Group has been at the forefront of commercial property investment services since 1985. For more than 35 years, we’ve been the premier choice for clients seeking expertise on the Acquisition, Management and Sale of quality commercial

Prideview Group has been at the forefront of commercial property investment services since 1985.

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Wishing all our clients, partners, family, friends

Wishing all our clients, partners, family, friends and beyond a very Happy Diwali and prosperous New Year!

May this festive season bring you good health, wealth, happiness and ultimately, light over darkness 🪔🙏🏽.

Did someone say cricket...?!🏏 Thanks to those

Did someone say cricket...?!🏏

Thanks to those who joined us yesterday for an afternoon of watching cricket, biryani and informal networking - with both old and new connections.

With India playing Sri Lanka, it was a great match and even better to see the camaraderie in the room 💯.

We hope to see you again soon!

Missed out this time? Be sure to sign up to our Events mailing list to receive details about our future events and gatherings - link in stories and bio.

📢 New JV Announcement! 📢 The cat's out the

📢 New JV Announcement! 📢

The cat's out the bag..! We're thrilled to announce our new Joint Venture with Cordage Group, bringing you Prideview Cordage, to offer a range of services within planning and architecture in the London area.

With our expertise in property acquisitions and disposals, it made perfect sense to branch into asset management and planning services. The Prideview Group now cover every stage of the property development lifecycle, combining Cordage’s planning expertise with Prideview’s tried and tested transactional abilities.

Prideview Cordage is Cordage Group’s regional office covering London and the M25, headed up by Juan Fernando Galué who brings with him a wealth of experience in architecture and planning.

The business has a pipeline of sites across London which are being planned and developed for sale, owned by several major Housing Associations, Pub and Supermarket chains, meaning Prideview’s private investors can rest assured that a strong supply of off-market investment opportunities is available to them first.

To find out more about these opportunities and the new JV, please email juan@plcarchitects.com and read the full announcement in our press release linked in our bio and stories.

Thank you to the Asian-Jewish Business Network for

Thank you to the Asian-Jewish Business Network for hosting their annual exhibition earlier this week, which was a resounding success.

As first time exhibitors, it was great for the Prideview Group to be immersed among businesses passionate to collaborate and connect. We showcased our services in CRE, as well as introduced our new architectural and planning arm, which we recently announced.

A great day, catching up with many existing connections and making new ones too.

We look forward to following up with many of you in the coming days and weeks.

Thanks to Russell Bahar and Bianca Weber for their tireless work behind the scenes in pulling this together.

Thanks to Roshni Thakrar for inviting our very own

Thanks to Roshni Thakrar for inviting our very own, Vishal Patel, Principal at the Prideview Group on her podcast, Prim Rose Light.

In this episode, they delve into Vishal's entrepreneurial journey and career in real estate - from working with his father and uncle in his late teens to now owning and growing his own portfolio.

Vishal shares insights into how the real estate sector has transformed over the years, the highs and the lows. He adds that when you're dealing with high amounts of money and emotions, integrity is the most important quality to have.

As an Ambassador for YUVA Unstoppable and being a part of Prideview's Cricket events, supporting One Kind Act, charity and giving back are hugely important to Vishal.

But underpinning his career and his drive is Vishal's faith and spirituality, recognising the importance of this in ones life and how it can support you in the workplace.

Ultimately Vishal's aim is to instill moral values to his children and to be present for all those important moments and milestones.

Grab and cuppa and have a listen! We hope you enjoy this podcast - Linked in our stories and bio.

💷 £20 million+ deals made this summer! 💷 F

💷 £20 million+ deals made this summer! 💷

From supermarkets to a hotel and even a cheeky Nandos (!), our team has been busy completing deals across the UK over the last few months.

Check out the values and full details in our video 👇🏽.

As always, please get in touch us, so we can help you with your property needs too!

#Makingdealseveryday

Thanks to all our investors for joining us at our

Thanks to all our investors for joining us at our buyers lunch at the beautiful @chinatanglondon. Without your support, trust and investment, our deals wouldn’t be possible.

Yesterday was a chance to show you how far we’ve come over the last five years - despite the challenges of COVID-19, the Ukraine War and poor economic conditions, we’ve persevered and expanded across sectors and services.

So cheers to you 🥂, and let’s keep working together and making deals happen.

🏢 Prideview Group featured in Bisnow's Special

🏢 Prideview Group featured in Bisnow's Special Office Report.

The humble office, once the cornerstone of working life, has in recent years, seen a real decline. Most prominently evident during the COVID-19 pandemic, when we saw the biggest WFH trial, like never before.

But the damage wasn't limited to COVID-10 lockdowns. Even after nationwide vaccination programmes and the resuming of usual activities, offices didn't see a return to pre-pandemic levels. Rather, most offices have re-evaluated their needs amid the shift to remote and hybrid work schedules.

In this special report, Bisnow spoke to 15 small owners across the USA and UK to see how they are developing a host of new strategies to backfill their buildings. From operating their own coworking spaces, to breaking vacant floors up into smaller spec suites, and offering more concessions, small businesses have diversified to survive.

As a family business, we've not been immune to these challenges either. Dilip Shah, one of our senior consultants shared with Bisnow how #ESG regulation is adding extra burdens on small businesses, "who can't benefit from economies of scale."

Although we're still buying and selling office buildings, we're now converting many of these offices to other uses, like nurseries or schools for pupils with special educational needs.

Our team continues to diversify approaches to meet different and growing needs in the market. As always, please get in touch with us to discuss your requirements and see how we can support you too.

You can read the full article on Bisnow's website (linked on our stories, N.B. Please register to read the full piece).

We can’t wait to showcase at the Asian-Jewish Bu

We can’t wait to showcase at the Asian-Jewish Business Network Event. We are very excited to be part of this and can’t wait to see you there!

If you're coming along too, The Prideview Group look forward to meeting you and chatting more about the wide array of services we offer in CRE, as well as introducing our new planning and architecture arm.

There is still time to book your ticket. Please click on bio for link.

Visit the event to get unparalleled advice, meet leading suppliers, network and share knowledge with your peers.

The #AJBN provides a proven face-to-face platform for current and prospective senior professionals to keep up to date with industry development.

When and where? Business Design Centre, Islington – 16th Oct 2023 – 10am – 16:00

#AJBN23 #networking #businessnetworking #businessprofessional #businessrelationships #businesssuccess

Shana Tovah! Wishing all our Jewish colleagues, cl

Shana Tovah! Wishing all our Jewish colleagues, clients and partners a happy and sweet New Year 🍎🍯.

#RoshHashanah

🤝 The start of a new partnership 🤝 Followi

🤝 The start of a new partnership 🤝

Following our recent membership to the Asian-Jewish Business Network, we had the absolute pleasure of hosting their London members at our Stanmore HQ last night (13 Sept).

An evening of networking, making connections and good conversations across two communities with many shared values. We’re excited about the future of this partnership 💯.

It was brilliant to hear from Peter Oppenheimer, Chief Global Equity Strategist & Head of Macro Research, Europe at Goldman Sachs, who shared some great insights on the current state of the economy and where we’re heading - thank you for giving us your time.

Thank you, also to George Constant, Partner at Spector Constant & Williams for reiterating the strength of the AJBN network, and to our very own Mark Hoffman FRICS for closing the speeches.

The evening set the tone for what’s coming ahead, the Asian-Jewish Business Network’s annual exhibition at the Business Design Centre on 16th October 2023, where we’re exhibiting.

If you’re coming along too, we look forward to meeting you and chatting more about the wide array of services we offer in CRE, as well as introducing our new planning and architecture arm.

Happy networking and hopefully, see you soon!

IN AUCTION: Freehold restaurant & residential inve

IN AUCTION: Freehold restaurant & residential investment in Gerrards Cross - 6.46% GIY

Salient details:
- Ground-floor restaurant and two large maisonettes (GIA 7,011 sq ft)
- Restaurant and one flat let to Hillmart Ltd (t/a Maliks) term of 20 years from Dec 2012 at a rent of £57,950 p.a.
- The rent increased from £45,000 p.a. to £57,950 p.a. at the 2017 rent review (2022 rent review outstanding)
- First & Second-floor maisonette comprising 4 bedrooms let on 12 months AST from 07.09.2021 for £19,560 p.a.
- Total rent of £77,510 p.a.
- Popular and affluent commuter town located 20 miles west of central London
- Nearby occupiers include Costa Coffee, Boots, Card Factory and Everyman cinemas, amongst many others.

Guide Price: £1.2m - £1.3m (6.46% GIY)

Please contact @jesalrajpatel if you require further information.

#prideviewgroup
#commercialinvestment
#freehold
#mixeduse
#gerrardscross
#restaurant

IN AUCTION: Freehold Blue-Chip Betting Shop With A

IN AUCTION: Freehold Blue-Chip Betting Shop With A Maisonette And Two Vacant Garages - 10.5% GIY

Salient details:
- Ground-floor betting shop of 1,181 sq ft let to William Hill
- 10 year FR&I lease from Aug 2017 at a rent of £15,000 p.a.
- First & second-floor maisonette of 1,055 sq ft let on an AST for £6,000 p.a.
- 2 vacant garages to the rear
- Total rent of £21,000 p.a.
- Blackpool is the UK’s most popular seaside resort, attracting around 13 million visitors annually
- Situated on a long-established local shopping parade with occupiers including Tesco Express, Londis/Post Office and other local independent retailers

Guide Price: £220,000 (10.5% gross)

Please contact @skitzmc if you require further information.

#prideviewgroup
#commercialinvestment
#investmentproperty
#freehold
#mixeduse
#garage
#betting
#residential

As we mark #InternationalDayofCharity (5th Septemb

As we mark #InternationalDayofCharity (5th September), we’re dedicating this to @okacharity, a wonderful charity we’ve had the privilege of supporting over the last 11 years.

#InternationalDayofCharity aims to mobilise people all around the world to help others through volunteering and philanthropic activities.

For us, this has primarily been through our annual #PrideviewCricket Cup events, which have raised over £200,000 for One Kind Act, since its inauguration, supporting charities in the UK and globally.

This year, our #PrideviewCricket Cup raised £35,000, with funds being distributed to @landaidcharity, the property industry charity, alongside @yuva_unstoppable, an NGO that provides underprivileged youth in India with basic needs.

We’d like to thank our sponsors, supporters and spectators over the years, who have helped us reach these significant milestones.

Catch up on the antics, fun and camaraderie of this year’s event in our highlights reel. You can watch the full video on our website (linked in our stories).

VC: @cincerauk

Prideview Group interviewed by BE News!💯 We'r

Prideview Group interviewed by BE News!💯

We're thrilled to share our interview with Liz Hamson, Editor of BE News, which was published this week.

Nilesh, Jesal, Vishal and Sej in our team had the pleasure of talking to and hosting Liz in our Stanmore HQ, sharing the journey of Prideview over the last 35+ years.

From our founders, Shailesh and Raj, buying contracts at London commercial auction houses in the 80s and 90s to now offering a full suite of services in commercial property - with a 20-strong team - we've come a long way in the last four decades.

At the start of this year, we closed £750 million worth of transactions and despite ongoing global economic challenges, we're now working towards our next major milestone, which is £1 billion.

As we diversify into new areas and potentially new locations, we'll continue to stay true to our values, which is 'building relationships' and 'giving back'.

Thanks as always, to our hardworking team and to Liz for this feature.

You can read the full interview linked in our stories. (Please note you'll need to sign up to BE News to read the article but this is FREE to do so).

✨ £35,000 RAISED! ✨ We're ending the week on

✨ £35,000 RAISED! ✨

We're ending the week on a high because a whopping £35,000 was raised at our #PrideviewCricket Cup 2023, which took place on 18th July.

Thanks to the generosity of our sponsors, supporters and spectators, we’ve raised a tremendous amount of money, for One Kind Act, who will distribute the funds between YUVA Unstoppable and LandAid.

With this year’s funds, the #PrideviewCricket Cup has raised over £200,000 for One Kind Act, since its inauguration, supporting charities in the UK and globally.

Our 11th cricket event this year had all the fun, antics and camaraderie you would expect. From the six teams battling it out for the winning title to the Ladies bowl-out and children's match, and not forgetting the lively auction and raffle, we've created some brilliant memories.

🏆 Congratulations to Major Estates Harrow, who took home the #PrideviewCricket Cup for the second year running, while newcomers to the event, Cordage Group came second. Knight Frank won the plate competition, The Prideview Champions Trophy 🏆.

While the day is always great fun, the overall purpose is to raise as much money, and we're thrilled to have reached the amount we have. We're proud of all the teams and thankful for everyone’s support. Bring on #PrideviewCricket 2024!

Thank you Bhupendrasinh Jethwa for the photos.

Thank you: @axiomdwfm @handelsbanken @theajbn @bj_jethwa_photography @oysterproperties @allsopllp @knightfrank @churchstreetdentalcare @bameinproperty @majorestates @vascroft.contractors.ltd @hb_solicitors

🏏THE FINAL COUNTDOWN🏏 With only one week to

🏏THE FINAL COUNTDOWN🏏

With only one week to go until our annual #PrideviewCricketCup (18th July), excitement is building as we make the final preparations.

We've got a fantastic day of friendly cricket matches, and networking and auction opportunities, all while raising money for YUVA Unstopabble, supporting disadvantaged young people in India, and LandAid, the property industry charity, working to end youth homelessness in the UK.

Missed out on joining a team? No sweat, you can still come along as a Spectator. More information and tickets linked in our stories.

See you there, rain or shine!

Thank you, as ever, to our sponsors and supporters: Knight Frank, Harold Benjamin, Allsop LLP, Vascroft Contractors Ltd, R. R. Sanghvi & Co, Handelsbanken, Cordage Group, Bircroft, Major Estates Harrow, Axiom DWFM, Oyster Properties, Church Street Dental Practice and BAME in Property Ltd.

A cracking June of networking and making connectio

A cracking June of networking and making connections, all while enjoying some of the greatest sporting events in the UK! 🏏⛳️🏌️‍♂️🐎🏆.

Next up, our #PrideviewCricketCup on 18th July 🏏🏆. Hope to see you there!

🏏 The countdown begins for the #PrideviewCricke

🏏 The countdown begins for the #PrideviewCricketCup!

Less than one month to go until the property sector's cricket event of the year and we want you to join us!

Tickets are now on sale to join us on Tuesday 18th July, to enjoy a day of:
🏏 6-aside cricket matches, including a celebrity player match
🥂 Tasty food and beverages
🤝 Networking across the industry
💷 An auction and raffle with some fab prizes.

All to raise money for our chosen charity, One Kind Act, who will be distributing the funds between YUVA Unstoppable, who provide underprivileged children with access to education, water, sanitation and other needs in India, and LandAid, the property industry charity, working to end youth homelessness in the UK.

Over the years, our annual cricket day has raised hundreds of thousands of pounds for charities in the UK and abroad and we are looking forward to raising more vital funds in this year's event too.

A huge thank you to our sponsors and supporters: Harold Benjamin, Knight Frank, Allsop LLP, Vascroft Contractors Ltd, R. R. Sanghvi & Co, Handelsbanken, Cordage Group, Bircroft, Axiom DWFM, Oyster Properties, BAME in Property Ltd and Church Street Dental Practice.

We hope to see you there, please get your tickets here (link shared in stories too): https://lnkd.in/eSxXjZ4m

📢 Come and work for us! 📢 Prideview Group i

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