Guide price
£112,000
Retail premises for sale55 Cheapside, Spennymoor, County Durham DL16
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About this property
Location
55 Cheapside occupies a prime position in the heart of Spennymoor town centre, set within a busy mixeduse highstreet environment. Cheapside links directly to the High Street and King Street, placing the property among popular national and local retailers, cafés, and service operators. The location benefits from excellent footfall, supported by nearby amenities including Asda, Iceland, aldi, and Spennymoor Library & Leisure Centre, all within a short walking distance.
Investment Summary
Let to national covenant – Hays Travel Ltd
Passing rent: £9,250 per annum
10year lease from 29 November 2019 (expiry 2029)
Tenant break at year 5 (Nov 2024) Expired
Fri lease (internal repairing subject to Schedule of Condition)
Tenant Summary – Hays Travel
Overview
Hays Travel is the UK’s largest independent travel agency and one of the country’s most recognisable high-street travel brands. Founded in 1980 and headquartered in Sunderland, the business has grown into a nationwide retail network with a strong reputation for customer service and financial resilience.
Business Strength
Market position: Largest independent travel agent in the UK
Established: 1980 (45+ year trading history)
Ownership: Privately owned by the Hays family
Core offering: Package holidays, cruises, flights and foreign exchange
Brand recognition: National high-street presence with strong consumer trust
Scale & Footprint
Retail network: 450+ branches across the UK (significantly expanded following the acquisition of former Thomas Cook Group stores in 2019)
Employees: C.6,000+ staff nationwide
Head office: Sunderland, England
Model: Predominantly bricks-and-mortar high street stores supported by online sales
Covenant & Trading Profile
Demonstrated ability to expand during market disruption (notably the 2019 store acquisition)
Strong recovery in UK outbound travel demand post-pandemic
Vertically integrated with its own tour operating arm (Hays Tour Operating) supporting margins
Historically profitable and cash-generative private business (accounts available via Companies House)
Why They Are Viewed as a Strong Tenant
Long-established national brand with loyal customer base
Defensive positioning in the resilient UK leisure travel sector
Significant physical store commitment versus online-only competitors
Family ownership often viewed positively for long-term occupancy stability
Active high-street occupier continuing selective expansion
terms:
A purchase at this level reflects an Inital Yield of 8.11
Offers are invited for the site.
Our client does not have to accept the highest nor any offer submitted to the agent.
Each party is to bear their own legal costs involved in the transaction.
Viewing & further information:
For all enquiries and viewing arrangements, please contact Bradley Hall.
55 Cheapside occupies a prime position in the heart of Spennymoor town centre, set within a busy mixeduse highstreet environment. Cheapside links directly to the High Street and King Street, placing the property among popular national and local retailers, cafés, and service operators. The location benefits from excellent footfall, supported by nearby amenities including Asda, Iceland, aldi, and Spennymoor Library & Leisure Centre, all within a short walking distance.
Investment Summary
Let to national covenant – Hays Travel Ltd
Passing rent: £9,250 per annum
10year lease from 29 November 2019 (expiry 2029)
Tenant break at year 5 (Nov 2024) Expired
Fri lease (internal repairing subject to Schedule of Condition)
Tenant Summary – Hays Travel
Overview
Hays Travel is the UK’s largest independent travel agency and one of the country’s most recognisable high-street travel brands. Founded in 1980 and headquartered in Sunderland, the business has grown into a nationwide retail network with a strong reputation for customer service and financial resilience.
Business Strength
Market position: Largest independent travel agent in the UK
Established: 1980 (45+ year trading history)
Ownership: Privately owned by the Hays family
Core offering: Package holidays, cruises, flights and foreign exchange
Brand recognition: National high-street presence with strong consumer trust
Scale & Footprint
Retail network: 450+ branches across the UK (significantly expanded following the acquisition of former Thomas Cook Group stores in 2019)
Employees: C.6,000+ staff nationwide
Head office: Sunderland, England
Model: Predominantly bricks-and-mortar high street stores supported by online sales
Covenant & Trading Profile
Demonstrated ability to expand during market disruption (notably the 2019 store acquisition)
Strong recovery in UK outbound travel demand post-pandemic
Vertically integrated with its own tour operating arm (Hays Tour Operating) supporting margins
Historically profitable and cash-generative private business (accounts available via Companies House)
Why They Are Viewed as a Strong Tenant
Long-established national brand with loyal customer base
Defensive positioning in the resilient UK leisure travel sector
Significant physical store commitment versus online-only competitors
Family ownership often viewed positively for long-term occupancy stability
Active high-street occupier continuing selective expansion
terms:
A purchase at this level reflects an Inital Yield of 8.11
Offers are invited for the site.
Our client does not have to accept the highest nor any offer submitted to the agent.
Each party is to bear their own legal costs involved in the transaction.
Viewing & further information:
For all enquiries and viewing arrangements, please contact Bradley Hall.
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Monthly repayment
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