Featherbed Court, Seaham, Durham, SR7 7XR
£83.54 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
15,682 sq ft
1,457 sq m
- SECTOR
Light industrial facility for sale
Key features
- Anchored by Sainsburys Plc by way of a new 10 year lease
- 0.36 acre potential development site.
- Total net rental income £114,700 per annum.
- Other occupiers include hot food takeaway, hairdressers, kitchen / bathroom suppliers.
- Offers in excess of £1.31M which shows a blended net initial yield of 8.26% after costs.
- Sainsburys have just committed to a new lease at this location showing their strong commitment to the location.
Description
Featherbed Court is a small neighbourhood retail parade located at the entrance to an extensive modern residential development to the north of Seaham.
Seaham is a harbour town located on the East Durham coast, 7 miles south of Sunderland and 15 miles east of Durham.
The A19 trunk road runs close by and links to the A1 north via the Tyne Tunnel and A1 south at Thirsk.
Description
The development comprises a total of 7 single storey terraced retail units constructed in 2006 under pitched tiled roof. Sainsburys benefit from rear servicing yard.
A pub operated by Marstons is located within the site and has being sold off by way of a long lease.
The scheme benefits from a total of 97 car parking spaces.
Tenure Comments
Freehold subject to the tenancies as detailed in the table. The occupational tenancies are effectively full repairing and insuring by way of service charge.
Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.
Featherbed Court, Seaham, Durham, SR7 7XR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Seaham Station0.6 miles
- Park Lane Metro Station4.3 miles
- Sunderland Station4.6 miles
About Naylors Gavin Black LLP, Newcastle Upon Tyne
Hadrian House, Higham Place, Newcastle Upon Tyne, NE1 8AF
As commercial property specialists for the North East, Naylors have their head office in the heart of Newcastle. The firm was founded twenty years ago by Bill Naylor, managing director, and has retained its independence, growing to become one of the most respected practices in the area.
This is reflected in Naylors being invited to represent the North East through membership of PAI, a prestigious organisation of like-minded professionals covering most of the Uk.
Today, Naylors han
Notes
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