Property photos
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Guide price
£400,000
Retail premises for sale
Northumbria House, Choppington NE62Local area information
Property location
Nearby amenities
- Choppington Primary School 0.1 miles
- Cleaswell Hill School (SEN) 0.8 miles
- Pegswood 2.5 miles
- Morpeth 3.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Multi Let Retail Parade
- 4 Self Contained Units
- Total passing rent £34,476
- Net Initial Yield 8.27%
Description
The property comprises of 4 self contained retail units.
Tenancy Schedule:
Term Rent Review Lease Start Lease Expiry
Unit 1 5 years £6,000.00 omr 01/09/2025 31/08/2030
Unit 2 5 years £6,600.00 omr 31/07/2030 31/07/2030
Unit 3 5 years £6,600.00 omr 01/08/2025 31/07/2030
Unit 4 5 Years £6,276.00 omr 01/08/2025 31/07/2030
Brendalin House / 3 Bedrooms / 01/08/2025 - 31/07/2030
£750pcm / £9,000 per annum.
Total passing income of £34,476 per annum
Offers are invited in the region of £400,000 which reflects a Net Inital Yield of 8.27%
The property comprises of 4 self contained retail units.
Tenancy Schedule:
Term Rent Review Lease Start Lease Expiry
Unit 1 5 years £6,000.00 omr 01/09/2025 31/08/2030
Unit 2 5 years £6,600.00 omr 31/07/2030 31/07/2030
Unit 3 5 years £6,600.00 omr 01/08/2025 31/07/2030
Unit 4 5 Years £6,276.00 omr 01/08/2025 31/07/2030
Brendalin House / 3 Bedrooms / 01/08/2025 - 31/07/2030
£750pcm / £9,000 per annum.
Total passing income of £34,476 per annum
Offers are invited in the region of £400,000 which reflects a Net Inital Yield of 8.27%
More information
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