McColl's Convenience Store

Saltburn-By-The-Sea, TS12 2PA

Property Type Investment
Availability For Sale
Size 5127 sqft
Energy Performance Rating This property has been graded as E 102

Well Secured Convenience Store Investment. Let to McColl's Retail Group Plc for 16.5 years with no breaks.


LOCATION

The property is situated in the village of Brotton, a residential suburb 2.5 miles south east of Saltburn-by-the-Sea and 15 miles east of Middlesbrough town centre. The property is well situated in the main retail high street located at the end of the parade. Other occupiers in the high street include a Well Pharmacy and a number of local occupiers including butchers, take away restaurants, public house, tattoo studio, barbers and ladies hairdressers. Directly behind the unit is a Coral’s bookmaker and Brotton Working Men's Club.

KEY POINTS

  • Large convenience store serving the local village
  • Only major convenience store in the village benefiting from good on street parking in the adjacent side streets
  • Property let for 16.5 years with no breaks to Martin McColl Limited with a guarantee from McColl’s Retail Group Plc
  • Total current rents reserved £18,028 per annum rising to £19,904 per annum on 21st August 2025
  • Fixed uplifts at 2% pa compounded throughout offering guaranteed rental growth
  • Low passing rent of only £3.35 per sq ft
  • Net Initial Yield of 6.25%, with a Reversionary Yield of 6.19% in May 2025
  • Offers in excess of £280,000
The building is a traditional brick built end of terrace, part single and part two storey under pitched slate and flat roofs. The retail shop is arranged over the ground floor with ancillary and staff accommodation to the rear. The sales area provides a full range of grocery products, off licence and an ATM. There is a substantial first floor largely unused by the tenant. The premises benefits from good on street car parking in the adjacent side street.
< Back to properties VIEW SHORTLIST Download Marketing Brochure Download Lease dated 21 Februry 2019.pdf Download Official Copies Title No. CE187723.PDF Download EPC - Saltburn by the Sea .pdf

Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier

020 7478 9112

CONTACT AGENT


Nick Sherling

020 7478 9113

CONTACT AGENT


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