Property photos
Offers in region of
£700,000
(£53.48/sq. ft)
Retail premises for sale
West Parade, Leadgate DH813,089 sq. ft
Local area information
Property location
Nearby amenities
- Leadgate Primary School - Split Site 0.3 miles
- Villa Real School (SEN) 0.5 miles
- Stocksfield 7.4 miles
- Prudhoe 7.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Consett to find out more about the local area.
Features and description
Comprising nine individual commercial units across two floors, this investment offers diversity and stability. Eight of the units are currently let on Fri leases to well-established local businesses, including a dance studio, two gyms (one for general fitness and another a dedicated boxing gym), a deli, beauty salon, convenience store, barbershop, and beauty clinic. The ninth unit is in use as a storage facility on a short-term licence, providing additional rental flexibility. The new shop fronts present a modern and inviting aspect, ensuring excellent kerb appeal for both tenants and their clientele.
The property generates a combined annual rental income of £73,700, presenting an attractive yield of 10.52% at the asking price. Furthermore, scheduled rent reviews as per the lease terms offer future growth potential.
Surrounded by thriving residential neighbourhoods, the property spans a generous area of approximately 1,216.79 sqm, as shown on site outline plans-offering ample space for commercial operations and potential future redevelopment (subject to necessary planning permissions).
This is a rare opportunity to acquire a high-yielding, well-maintained investment with an established tenant base in a busy and rapidly growing part of County Durham.
Viewings are strictly by appointment only. To register interest and discuss this exceptional opportunity further, please contact the office today.
The property generates a combined annual rental income of £73,700, presenting an attractive yield of 10.52% at the asking price. Furthermore, scheduled rent reviews as per the lease terms offer future growth potential.
Surrounded by thriving residential neighbourhoods, the property spans a generous area of approximately 1,216.79 sqm, as shown on site outline plans-offering ample space for commercial operations and potential future redevelopment (subject to necessary planning permissions).
This is a rare opportunity to acquire a high-yielding, well-maintained investment with an established tenant base in a busy and rapidly growing part of County Durham.
Viewings are strictly by appointment only. To register interest and discuss this exceptional opportunity further, please contact the office today.
More information
Listed by
Spire Property Group and Consultants
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