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Withdrawn Prior
Sold
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Sold Post
The property comprises a high yielding retail investment let on a renewed lease to Greggs.
Arranged as a ground floor retail unit with ancillary space tot he first floor, the property is fully let to Greggs Plc, an established tenant within Stanley, on a recently renewed 10 year lease expiring 23.07.2035 and paying £10,750 per annum.
Greggs is one of the UKs best known retailers and was originally founded in Newcastle with headquarters approx. 15 miles from the subject property.
The property occupies a prominent pitch on the pedestrianised Front Street, the principal retail amenity in Stanley. Nearby occupiers include William Hill, Cooplands, Betfred and Boots.
Tenure
Freehold
Tenancy
The property is let to Greggs Plc on a recently renewed 10 year lease expiring 23.07.2035 and paying £10,750 per annum.
The lease is on full repairing and insuring terms and is within the Security of Tenure provisions of the Landlord and Tenant 1954 Act. The lease includes a tenants break option and open market rent review in the 5th year.
Greggs Plc
Greggs is one of the UKs best known retailers/bakeries. Originally founded nearby in Newcastle there are now over 2,500 branches nationwide.
Rent