7 South Street, Crook, DUR

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7 South Street

Crook, DL15 8NE

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Property type:Retail Sub type:Shop-front Status:Existing , Renov 2008 Year built:1960

Building size:2,305 sq ft

For sale price:£395,000 Price:£171.37 sq ft

Yield:4.80 %

The property comprises a mid terraced masonry build with a pitched slate roof. The property benefits from a modernised façade and a 3 car parking allotment. The building has an A2 use class.
The property is situated in a prominent position within a parade of shops opposite the town centre's main car park.

Sale Notes:
The available space comprises a Freehold A2 investment offering IY 4.80%
The property is let to Barclays Bank Plc for a term of 20 years from 28 March 2008, FRI, at a current rent of £19,550 p.a. A tenant’s option to break at the end of year 15. Next rent review is on 25 December 2013 and 5 yearly thereafter.