Summary - 70, MEDOMSLEY ROAD DH8 5HP
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime commercial location on Medomsley Road, Consett, with high footfall and traffic
- Three well-maintained self-contained retail units, generating £32,400 in annual income
- Recent refurbishment ensures a solid condition with modern aesthetics
- Entire property is VAT free
- Strong rental yields with a net initial yield (NIY) of 10.45%
- Potential for future alterations or conversion to residential use if needed
**Summary:**
Discover an exceptional investment opportunity in Consett's bustling commercial hub. This striking terrace of three self-contained retail units spans approximately 3,634 square feet and is fully occupied, offering a reliable annual income of £32,400. Not only is this property VAT-free, but its recent renovations ensure it remains in pristine condition, appealing to a mix of tenants and shoppers alike.
Situated on a vital thoroughfare, the units benefit from consistent high footfall and visibility, making them an attractive option for investors looking to secure steady returns. With an average lease term of approximately 7 years, there's minimal short-term risk involved. Additionally, the first floors of the end units are currently configured for customer facing activities, but could easily be converted into separate office spaces or further commercial ventures, increasing the property’s flexibility and future potential.
Consett is witnessing significant residential growth nearby, promising to drive further demand for retail and services. Priced at offers over £300,000, this property not only provides an excellent investment return but also secures your foothold in a thriving market. Don’t miss this chance to own a piece of Consett's commercial landscape!
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