Delves Lane, Consett, Durham, DH8 7BH
Let to Stan James Abingdon Ltd
Tenant holding over
Price £120,000
Net initial yield 10%
Fergus Laird
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Location
Delves Lane is located in a residential location to the south of Consett, a town located in the heart of County Durham and with excellent links to both Newcastle and Durham City.
Description
667 Sq Ft (62 Sq M).
Terms
We understand the property is freehold with the shop let to Stan James Abington Ltd by way of a 10 year full repairing and insuring lease that expired on the 13th February 2022 at a rent of £12,300 per annum. The tenant is holding over.
The price is £120,000 which shows a net initial yield of 10%.