Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to a well known national retailer.
Arranged across ground and first floors, the property provides a single retail unit to the ground floor with office accommodation to the first floor (sold off on a long leasehold basis).
The ground floor is let to Ramsdens Financial Limited for a term of 10 years expiring 10/11/2029 and paying a rent of £10,500 per annum.
Station Road is the principal retail amenity of Ashington and is predominantly pedestrianised. Local occupiers include Heron Foods, Superdrug, New Look, Boots and Iceland with an Asda Superstore in close proximity.
Tenure
Freehold
Tenancy
The ground floor is let to Ramsdens Financial Limited on a 10 year lease expiring 10/11/2029 and paying a rent of £10,500 per annum. The lease is on full repairing and insuring terms and includes a tenants break option and rent review in the 5th year.
The first floor is sold off on a long leasehold basis for a term of 999 years from 01/01/2021 at a peppercorn rent.
Ramsdens Financial Limited - D&B Rating: 5A1
Ramsdens are an established and well known retailer offering jewellery, currency and pawnbroking services from over 160 stores nationwide.
Rent