Investment details
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Albion Retail Park
Cowpen Road, Blyth
NE24 5BS
Retail warehouse
Status - For sale
Tenure - Freehold
Total floor area - 35,000 sq ft
Price - £3,500,000
Net initial yield - 7.75%
Capital value - £100 psf per sq ft
The subject property is a purpose built single storey retail development of approximately 35,000 sq ft constructed circa 1994. It is located in Blyth, one of Northumberland's largest towns, adjacent to the A198 which leads north to join the A1 towards Edinburgh and south to Newcastle on the A19. The property is multi-let to four tenants with 8.7 years unexpired to Lidl and in excess of 15 years unexpired to B&M Bargains, producing £288,268 per annum.
Agent details
Lambert Smith Hampton
Mike Adcock
Telephone: 0207 198 2234
Mobile: 07775 403 587
Office: London
madcock@lsh.co.uk
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