12 Cheapside, Spennymoor

Cheapside occupies a prime position in the heart of Spennymoor town centre, set within a busy mixed use highstreet environment. Cheapside links directly to the High Street and King Street, placing the property among popular national and local retailers, cafés, and service operators. The location benefits from excellent footfall, supported by nearby amenities including Asda, Iceland, ALDI, and Spennymoor Library & Leisure Centre, all within a short walking distance.

Investment Summary

A longincome retail investment let on a 25year FRI lease from 26 January 2013 to 25 January 2038.

The property is occupied by K & S Retail Limited, providing secure income with minimal landlord obligations.
Key Financials & Lease Terms

Passing Rent:

£19,200 per annum, rent indexed via CPI every five years  (2028, 2033, 2038) ensuring inflation linked growth.

Lease Term: 25 years, expiring 25 January 2038 

Break Options: None—the lease contains no tenant or landlord break clause.

Tenant: K & S Retail Limited.

Repair Obligations: Full repairing and insuring (FRI) lease.

TERMS:

A purchase at this level reflects an Inital Yield of 10.00%

Offers are invited for the site.

Our client does not have to accept the highest nor any offer submitted to the agent.

Each party is to bear their own legal costs involved in the transaction.

VIEWING & FURTHER INFORMATION:
For all enquiries and viewing arrangements, please contact Bradley Hall.