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AVAILABLE

Secure retail and leisure investment for sale in Newcastle city centre

Price:

£1,100,000 (7.09% NIY)

3,357 sq ft

INVESTMENT SUMMARY


Newcastle upon Tyne, England has a population of 300,200 people and a wider metropolitan population of approximately 880,000 (c2021)


The property is located on the corner of Newgate Street and Grainger Street in the heart of Newcastle amongst a well-established shopping and leisure district


In close proximity to Eldon Square, Newcastle’s premier shopping centre, which offers 1.6 million square feet of retail space.


Total passing rent of £82,500 per annum from two tenants


Dicksons is a well-established regional butcher with over 30 stores in the North East


Chilliflames is a national Afro Portuguese hot food takeaway and restaurant with more than 17 stores


We are instructed to seek offers in excess of £1,100,000 (exclusive of VAT) reflecting a NIY of 7.09% NIY assuming purchasers costs of 5.85%

Property Details

Location Details

City centre, Newcastle

Sector

Retail

Property PDF

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An outstanding opportunity

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