Guide Price £295,000
Seabreeze Shop, Beadnell
Investment Sale. New 9 year lease agreed producing £13,000/annum. Good location within popular holiday destination on Northumberland Coast. Very visible site from road.
Run as a successful, well established, convenience shop in the heart of Beadnell. Currently let on a 9 year term, with expiry in May 2021. The annual rent is £13,000 per annum. Terms have been agreed to renew the lease from the date of expiry for a further 9 years at the same rent. The Freehold interest is for sale subject to the occupational leases. The Tenants business is not affected.
The property extends to 97.06 sq m (1,045 sq ft).
The Freehold of this attractive site is available for sale subject to the occupational lease and the benefit of the right to receive the rental income of £13,000 per annum, subject to 3 yearly rent reviews for the new 9 year term.