Delves Lane, Consett, Durham, DH8 7BH

Retail

667 Sq Ft (61.96 Sq M)

For Sale

£120,000 for the Freehold

Let to Stan James Abingdon Ltd

Tenant holding over

Price £120,000

Net initial yield 10%

Fergus Laird

Interested in this property?
Please contact me

fergus@naylorsgavinblack.co.uk 0191 232 7030

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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%.

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