Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding mixed-use investment opportunity occupying a prominent corner pitch and offering a number of asset management opportunities.
Arranged as three retail units with a two bedroom flat to the upper parts, the property is fully let to four separate tenants and producing £18,890 per annum.
2A Tynemouth Road is let to Meat Premier Outlet Limited on a five year lease expiring 23.06.2026 and paying £4,940 per annum. The tenant did not exercise their 2024 break option displaying confidence in the location.
4 Tynemouth Road is let to a private individual trading as a Hairdresser on a recently signed five year lease expiring 09.05.2029 and paying £4,750 per annum.
2B Churchill Street is let to Funeral Partners Limited, a national business with over 280 funeral homes, on a 15 year lease expiring 15.05.2032 and paying £5,000 per annum.
4A Churchill Street comprises a two bedroom flat and has been let on a periodic tenancy to the same tenant for 30+ years. The AST allows for annual rent reviews and the current rent is £4,200 per annum.
The property occupies a prominent corner pitch on a high footfall street, the area comprises the principal retail amenity for Howdon with nearby tenants including Greggs, Heron Foods and Best One.
Tenure
Freehold
Tenancy
Please see the accommodation and tenancy schedule for more information.
Rent
Notes
Please note Savills have not inspected the property, any photographs, drawings, areas and plans are for indicative purposes only and are not to be relied upon.