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33 Newgate St 4,151 SF Retail Building Bishop Auckland DL14 7EW $143,456 ($34.56/SF)
INVESTMENT HIGHLIGHTS
- A freehold two storey property.
- Entire building let to Savers for a term of 5 years from 30/09/2025.
- Total GIA approx. 4,151 sq ft (385.6 sq m).
- Occupying a high footfall pitch.
- Tenant has recently removed break clause in a deed of variation.
- Investment let at £16,000 per annum (15.2% GIY on Guide Price).
EXECUTIVE SUMMARY
The property comprises freehold investment opportunity for sale.
The asking price is £105,000, representing a gross initial yield of 15.2%.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- -
- 4,150 SF
- -
- -
Savers Health and Beauty, commonly known as Savers, is a UK-based discount retailer specializing in health, beauty, household goods, and personal care products. The company was incorporated in 1987 and began trading in 1988. It operates as a subsidiary of A.S. Watson Group, which is part of CK Hutchison Holdings, a multinational conglomerate headquartered in Hong Kong. Savers expanded significantly during the 1990s and was acquired by A.S. Watson in 2000, aligning it with other well-known retail brands such as Superdrug and The Perfume Shop. The company’s registered office is in Battersea, London, while its main operational base and distribution center are located in Dunstable, Bedfordshire. Savers maintains a strong presence across the UK with hundreds of stores offering affordable health and beauty products. The company is privately held and continues to focus on value-driven retailing within the personal care and household goods sector.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
- | 4,150 SF | - | - |
NEARBY MAJOR RETAILERS
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33 Newgate St
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