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The property comprises a high yielding retail investment opportunity forming part of a popular local parade.
Arranged across ground and first floors, the property is let to a private individual trading as Red Chilli Indian Restaurant on a five year lease expiring 18.04.2026 and paying £4,740 per annum.
We understand the property has traded as an Indian Restaurant since 2017 and therefore we consider the property offers asset management potential via renewal of the lease and improvement of the annual rent.
The property forms part of a popular local parade fronting Church Street, and forms some of the principal retail amenity within Shildon alongside Main Street. The area is characterised by a mix of local occupiers.
Tenure
Freehold
Rent