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INVESTMENT FOR SALE - Heron Foods Ltd, Chester Road, Shiney Row, Co Durham, DH4 4RB

For sale: £650,000.00|3800 Sq Ft

PROPERTY DETAILS

FOR SALE£650,000.00
SIZE3800 Sq Ft
ADDRESSHeron Foods Ltd Chester Road, Houghton le Spring, DH4 4RB
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON3rd January 2020

DESCRIPTION

Long Income Freehold Convenience Store Investment

The property is entirely let to Heron Foods Ltd on an unbroken 10 year lease at £42,500 per annum

Heron Foods Limited last reported (2018) total turnover of £393,820,000 and pre-tax profits £8,780,000

Offers in excess of £650,000 (Six Hundred and Fifty Thousand Pounds) are invited for the freehold interest of the property.

A sale at this level reflects a net initial yield of 6.22% allowing for purchasers costs of 5.18%

LOCATION

Location: Heron Foods Ltd Chester Road, Houghton le Spring, DH4 4RB

Chester-le-Street (3.3 miles)

Sunderland (5.3 miles)

Seaham (6.3 miles)

AGENT'S DETAILS

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