57-59 Front St - Bank FOR SALE


Chester Le Street, DUR DH3 3DD
$230,000 USD
57-59 Front St, Chester Le Street, DUR for Sale
$230,000 USD
Bank - FOR SALE
1/1
null | 9.57% Cap Rate

57-59 Front St
Chester Le Street, DUR DH3 3DD


HIGHLIGHTS

  • Long Secure Lease in place
  • Fully Fitted Out Unit
  • Further Prospect of Future Development Subject To Planning

OVERVIEW

The property features a long secure lease in place, with a 10-year lease commencing from July 2022. Rent reviews are scheduled every 5 years, with the annual rent set at £22,000. Additionally, the tenant is responsible for the annual building insurance separately, making this a lucrative investment for those seeking steady and secure long-term income.

FOR SALE DETAILS

PRICE

$230,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

9.57%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

-

APN/PARCEL ID

DU71630

ASK ABOUT THIS PROPERTY

Tsuneari YahiroSpire Property Group & ConsultantsMore Info

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Tsuneari YahiroSpire Property Group & ConsultantsMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.