Heron Foods Front Street Sacriston, Durham County Durham DH7 6JT

Heron Foods
Front Street
Sacriston, Durham
County Durham
DH7 6JT

Freehold Retail Investment

  • Entirely let to Heron Foods Limited on a new 15 year lease from completion
  • Guaranteed Rental Increases with Rent Reviews linked to Consumer Price Index (CPI) (subject to a minimum of 1% and a maximum of 3%)
  • Substantial building totalling approximately 1,249.50 sq m (13,450 sq ft) with adjoining car park
  • Neighbouring occupiers include Tesco Express, William Hill and Post Office
  • Lot
    14
  • Auction
    25th May 2017
  • Rent
    £38,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £525,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Entirely let to Heron Foods Limited on a new 15 year lease from completion
  • Guaranteed Rental Increases with Rent Reviews linked to Consumer Price Index (CPI) (subject to a minimum of 1% and a maximum of 3%)
  • Substantial building totalling approximately 1,249.50 sq m (13,450 sq ft) with adjoining car park
  • Neighbouring occupiers include Tesco Express, William Hill and Post Office
  • Lot 14
  • Auction 25th May 2017
  • Rent
  • Status Sold
  • Price £525,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
4 miles north-west of Durham City Centre, 15 miles south of Newcastle
Roads
A1(M), A691, A167
Rail
Durham Railway Station
Air
Newcastle International Airport
Situation

The property is situated on the west side of busy Front Street in the heart of Sacriston, adjacent to the Fulforth Community Centre and Sacriston Cricket Club. Neighbouring occupiers include Tesco Express, William Hill and The Post Office.

Tenure

Freehold.

Location
Miles
4 miles north-west of Durham City Centre, 15 miles south of Newcastle
Roads
A1(M), A691, A167
Rail
Durham Railway Station
Air
Newcastle International Airport
Situation

The property is situated on the west side of busy Front Street in the heart of Sacriston, adjacent to the Fulforth Community Centre and Sacriston Cricket Club. Neighbouring occupiers include Tesco Express, William Hill and The Post Office.

Tenure

Freehold.

Description

The property comprises a substantial ground floor supermarket with ancillary accommodation on the first floor. The property also benefits from a loading bay and a customer car park to the side of the property for approximately 18 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial ground floor supermarket with ancillary accommodation on the first floor. The property also benefits from a loading bay and a customer car park to the side of the property for approximately 18 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx)

Tenant Term Rent p.a.x Reviews
Ground
First

Retail
Ancillary
749.70 sq m
499.80 sq m
(8,070 sq ft)
(5,380 sq ft)
HERON FOODS
LIMITED (1)
15 years from
completion on a full
repairing and
insuring lease
£38,000 Rental increases
linked to CPI (subject
to minimum of 1%
and a maximum of
3%) 5 yearly annually
compounded
Total  
1,249.50 sq m
(13,450 sq ft)
    £38,000  

(1) Heron Foods Ltd was incorporated in 1978 and operates from some 250 outlets nationwide. For the year ending 31/12/2015, Heron Foods Ltd reported a turnover of £252,520,329, pre-tax profits of £1,854,186 and a total net worth of £30,228,203 (Source: Experian Group 24/04/2017).

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    1,002 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Andrew Jackson Solicitors
Harry Mills +44 (0)1482 601 247harry.mills@andrewjackson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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