Westoe Crown Village Retail Centre

Description

• Westoe is a picturesque, seaside location to the south east of South Shields
• An attractive purpose-built convenience retail parade comprising nine units
• 33% of the income is secured to Tesco Stores Ltd, who recently extended their lease term by a further 15 years, expiring July 2041
• 41% of income is from undoubted covenants Tesco Stores Limited and Church of England’s Childrens Society
• The property shows a strong WAULT of 14.36 years to expiry and 11.54 years to break
• 36% of the income benefits from index-linked reviews
• South Shields is benefitting from a number of ongoing major developments, including a £95m town centre regeneration project
• EPCs rated B
• Freehold