McColls Covenience Store - Stockton-on-Tees

Stockton-on-Tees, TS19 9BX

Under Offer

Property Type Investment
Availability For Sale
Size 2004 sqft
Energy Performance Rating This property has been graded as D 97

McColl's Convenience Store


LOCATION

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.

KEY POINTS

  • 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%
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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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