Iceland, Houghton-Le-Spring
15 Newbottle St, Houghton le Spring DH4 4AP, UKBasic 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 |
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
