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Sainsbury’s Local, Middlesbrough

123-125 Acklam Rd, Middlesbrough TS5 5HR, UK

Basic Facts

Property ID: 14753 Post Updated: 2022-01-31 16:36:15
Status: Type:
Tenure: Freehold Area: 5747 sq ft
Gross Rent: £ 38,750 Lease Term: 10 yrs from Jan' 20
Lease Term Expiry Date: 31/01/29 Years left on Lease: 4.9
VAT applicable: No

Property Description

  • Freehold, Blue-Chip Convenience Store Investment.
  • The property is arranged on a ground and first floor level, with 5,747 sq ft.
  • On street parking is located to the front of the property for several vehicles.

Location Description

  • Middlesbrough is the major town within the Teesside conurbation, and is located 40 miles south of Newcastle upon Tyne, & 50 miles north of York.
  • The town is served by both the A19 & A66 trunk roads, which provides direct access the A1(M) motorway, some 17 miles to the west.
  • The property in a densely populated residential area. opposite Acklam Green Centre and Whinney Banks Primary School, some 2 miles south east of the town centre.
  • The property is situated on the east side of Acklam Road, A1032, which provides a link from the A19 to the town centre.

Additional Notes

  • Let to Sainsbury’s Supermarkets Ltd for 10 years from and including 1st January 2020 on FRI lease at a passing rent of £38,750 p.a. with next rent review in 2025.
  • For the year ended 9th March 2019, Sainsbury’s Supermarkets Limited reported a turnover of £24,030,000,000, a pre-tax profit of £174,000,000, shareholder’s funds of £5,838,000,000, and a net worth of £5,669,000,000 (Source: Experian 20.02.2020).

Features

£500k - £1m
Blue-chip tenant
Customer car parking
Finance available
Freehold
No VAT applicable

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