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Prominent Mixed Use Investment Opportunity in affluent Gateshead village For Sale


£385,000 (8.66% NIY)

4,286 sq ft

Investment Summary

Rowlands Gill a village situated on the North Bank of the River Derwent in Gateshead, Tyne and Wear

Situated in a corner position in the commercial centre of Rowlands Gill directly opposite Tesco Local

Comprising a mixed-use investment with two ground floor restaurants and a first floor gym

VAT Free Investment fully occupied with total income of £34,700 per annum

Restaurants have expiries in 2031 providing approximately 7 years unbroken income

Opportunity to add value by renewing the first floor lease with the gym operator

Total floor area of approximately 4,286 sq ft

Offers are sought in excess of £385,000 (Three Hundred and Eighty Five Thousand Pounds) subject to contact.

A purchase at this level reflects a net initial yield of 8.66% assuming standard purchasers’ costs of 4.07

Property Details

Location Details

Rowlands Gill, Gateshead


Leisure, Retail

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An outstanding opportunity

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