Sold by Delta Capital
Significant mixed use and ground rent investment acquired
Price:
Confidential
Size:
Location:
Gosforth, Newcastle upon Tyne
Year of Sale:
2024
We are very pleased to announce the acquisition of this significant mixed use investment in Gosforth, Newcastle upon Tyne in November 2024, comprising 55 apartments, garages, private on-site parking & separate annex block overlooking the Town Moor.
Moor Court was constructed in the 1930s and comprises an art deco style block of apartments containing six large under croft garages. There is also an annex comprising of a self-contained apartment, nine garages and a commercial unit trading as ‘The Golf Hub’.
Forty of the apartments have been sold off on 999 year leases from 25 March 2000 at peppercorn ground rents. Eleven of the apartments have been sold off on 125 year leases from 25 March 2006. Finally there are a further four apartments which are currently retained in
addition to the annex apartment. There are also 42 external private car parking spaces.
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Alternatively, please contact Daniel Capobasso on 07968 618 948 or email dc@deltacap.co.uk to lodge your active investment requirements.
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Location:
Gosforth, Newcastle upon Tyne
Sector
Residential, Leisure
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