Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to Cooplands, one of the UKs best known bakeries and convenience stores.
Arranged across ground and first floors, the property is let to Coopland and Son (Scarborough) Limited on a 25 year lease expiring 23.06.2026 and paying £42,500 per annum.
The tenant is therefore a long standing occupier, and we consider the property offers evident asset management potential via renewal of the lease.
The property forms part of a popular local parade and benefits from a prominent frontage to the pedestrianised Gilkes Street. The street is immediately adjacent to the prime Linthorpe Road and therefore forms part of the principal retail amenity in Central Middlesbrough.
Tenure
Freehold
Tenancy
The property is let to Coopland and Son (Scarborough) Limited on a 25 year lease expiring 23.06.2026 and paying £42,500 per annum.
Cooplands is a national chain of bakeries ultimately owned by EG Group an international business operating filling stations, convenience stores and other food service providers with revenues of over £28bn in 2023.
Rent