Description

Fully let retail parade, consisting of 3 retail units, located on Skinnergate, Darlington.

Shop 1 - Let to Savers* They have agreed a new lease from January 2024 for a term of 5 years at a rent of £18,500 per annum

Shop 2: Let to Greggs PLC** for a term of five years from 12th May 2023 at a rental of £17,000 per annum

Shop3: Let to Kebab Shop for a term of 15 years from February 2016 at a rent of £17,500 per annum 

Total Rental Income £53,000

Freehold Sale: £620,000

* Savers is part of AS Watson Group, the world’s largest international health and beauty retailer operating over 16,000 stores under 12 retail brands in 28 markets, with over 130,000 employees worldwide. For the fiscal year 2022, AS Watson Group recorded revenue of US$22 billion. Every year, we are serving over 5.5 billion shoppers via our O+O (Offline plus Online) technology-enabled platforms.

** Greggs PLC operates 2,473 shops, sales of £1.8 Billion. As of December 2023 the firm had £195Million in net cash.