|Energy Performance Rating||This property has been graded as D 97|
McColl's Convenience Store
Stockton on Tees has a resident population of some 83,576 and forms part of the Teesside Urban Complex, a major commercial centre located 30 miles south of Newcastle upon Tyne. The town itself benefits from excellent road communications, being 2 miles west of the A19 and 1 mile north of the A66 which links with the A1(M) motorway. The property itself is located 2 miles north west of the town centre in a predominantly residential location off the main A177 Durham Road. The unit is situated in local neighbourhood parade with other occupiers including Coral Bookmakers, Co-op, pharmacy and other various local occupiers including hairdresser, take away restaurants and bakery.
- Well located convenience store in a neighbourhood parade
- Let for over 13 years to the excellent covenant Martin McColl Limited
- Fixed uplift at the next review at 2% pa payable 5 yearly
- Passing rent £28,154 per annum
- Net initial yield of 7% and a reversionary yield in 2019 to 7.73%