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AVAILABLE

Prominent Mixed Use Investment Opportunity in affluent Gateshead village For Sale

Price:

£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

Sector

Leisure, Retail

Property PDF

Download our property listing brochure for full details of this listing.

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An outstanding opportunity

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