Delves Lane, Consett, Durham, DH8 7BH

Property Details: • Type: 667 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Let to Stan James Abingdon Ltd • Tenant holding over • Price £120,000 • Net initial yield 10%

Location: • Nearest Station: Stocksfield Station • Distance to Station: 8.4 miles

Agent Information: • Address: One Strawberry Lane Newcastle Upon Tyne NE1 4BX

Full Description: LocationDelves Lane is located in a residential location to the south of Consett, a town located in the heart of County Durham and with excellent links to both Newcastle and Durham City.Description667 Sq Ft (62 Sq M).Tenure CommentsWe understand the property is freehold with the shop let to Stan James Abington Ltd by way of a 10 year full repairing and insuring lease that expired on the 13th February 2022 at a rent of £12,300 per annum. The tenant is holding over.The price is £120,000 which shows a net initial yield of 10%.EPCThe property has a rating of C.Legal CostsEach party to be responsible for their own legal costs incurred in this transaction.