AVAILABLE
Sainsbury's Anchored Mixed Use Investment
Price:
£2,500,000 (6.48% NIY)
3,411 sq ft plus residential accommodation
INVESTMENT SUMMARY
Highly prominent mixed use investment in a sought after suburb of Newcastle upon Tyne
Corner block in a densely populated area
On the main thoroughfare through Heaton
Anchored by a very busy Sainsbury's store
On an unbroken 10 year lease, expiring in 2036
With index linked rent reviews
8 flats on the upper floors, comprising 4x 3-beds and 4x 2-beds, which have been fully occupied since their development in 2011
Total rental income of £171,720.36 per annum
Freehold
PROPOSAL
Offers are sought in excess of £2,500,000 (Two Million Five Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.46% assuming purchasers’ costs of 6.38%.
Property Details
Location Details
Heaton, Tyne & Wear
Sector
Retail, Residential, Student Accommodation, Foodstore
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An outstanding opportunity
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