AVAILABLE
Retail & residential investment opportunity with value-add in Newcastle city centre
Price:
£405,000 (8.48%)
661 sq ft (ground floor only)
INVESTMENT SUMMARY
Retail and residential investment opportunity located in Newcastle city centre
Adjacent to The Helix; a major city centre regeneration project
Newcastle is a two University city with a student population in excess of 50,000
Generating a total rental income of £35,800 per annum
Student rental income from 5 tenants at £110 pppw
• Located in an area very popular with students • Freehold opportunity• Value-add opportunities through development
We are instructed to seek offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.48% assuming standard purchasers’ costs.
Property Details
Location Details
City centre, Newcastle
Sector
Retail, Residential, Development
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An outstanding opportunity
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