47/61 King Street, South Shields

Published by Si on

47-61-Kings-St-South-Shields-Sept-21Download
  • 100% Prime Pitch.
  • 24% of income secured to JD Sports PLC until 2026 with shareholder funds in excess of 1bn.
  • South Shields is benefiting from the £100m South Shields 365 regeneration project.
  • Port of Tyne to become base for world’s largest wind farm.
  • The property is let to 7 occupiers.
  • The property has a WAULT to expiry of 3.14 years.
  • Total net rent of £407,224 pa.

We have been instructed to seek offers in excess of £3,200,000, which reflects a net initial yield of 11.95%.