One Stop Stores Limited, Chester-le-Street

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One Stop, South Pelaw, Chester Le Street, Brochure

  • Dominant local Convenience Store.
  • Let to One Stop Stores Limited, a wholly owned subsidiary of Tesco PLC.
  • Asset management opportunities including reversion in 2018.
  • Let for 20 years from 31st August 2003, with 6.5 years remaining.
  • Low passing rent of £6.58per sq ft.
  • First floor could be converted back to residential.

We are instructed to seek offers of £345,000 (Three Hundred and Forty Five Thousand Pounds), which reflects a net initial yield of 7% after purchaser’s costs of 3.80%.